Hi,
From where one should take health insurance: There are so many insurance companies and policies in market, Its completely on your choice based on the benefits in that policy,
For what amount to get tax benefit: You will get tax deduction u/s 80D of the Income tax Act, You can claim deduction on the Health premiums paid for the policies taken in the name of your family (self,spouse,dependent children) and also in the name of your parents. Benefit in the following scenarios: :
1.To the extent of Rs. 25,000 (on self,family children below 60 years) and Rs.25,000 ( on parents below 60 years);
2. To the extent of Rs.25,000 (on self,family children below 60 years) and Rs.50,000 ( on parents above 60 years);
3. To the extent of Rs.50,000 (on self,family children above 60 years) and Rs.50,000 ( on parents above 60 years).
Hope its suffice.
CAclubindia
