Rebate under 80D

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I am planning to buy a Floating Medical/Health Policy for myself & my wife. I located a reasonably good Policy but

its brochure mentions that rebate on tax under section 80D is not available on this policy. Somebody told me that 80D is not available on Group Policies. Is it true & is a Floating Policy a Group Policy?

Thanking you. Best regards, RAKESH

Replies (4)

Dear Sir,

I searched but couldnt find this condition that group policy is not eligible for 80D...In fact group premium paid through emplyer is eligible u/s 80D.......

But since insurance documents itself says that it is not eligible for benefit under 80D, then I think it wont be an eligible scheme.

Sir, I would say plz ask the detais from the company only cos they can better explain......

sec 80d - aplicable -  if taken by individual for himself or family floater plan

Not aplicable -  if health insurance taken by group of people for himself or for entire family

  example of group  health insurance - by all employees of any organisation .

exemption limit - Rs. 15000 for himself , spouse, children

additional Rs. 5000 if taken for for parents also .

Dear Yash,

Plz check this link n can u plz support ur statement -

https://www.hindu.com/biz/2004/01/05/stories/2004010500020301.htm

pls advise can we cliam rebate us $ 80 d if premium is paid by cash

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