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Section 80D Deductions Under Health Insurance

A health insurance policy not only keeps you guarded against medical emergencies, but also offers certain tax benefits. Section 80D of the Income Tax Act of 1961 allows you to avail of certain deductions from your taxable income for the premium paid towards your medical insurance plan.


Provisions under Section 80D

Section 80D offers tax exemptions to individuals as well as Hindu Undivided Families (HUF) from the total taxable income for the health insurance premium payment. An individual can avail of these tax benefits if they are paying health insurance premiums for self, spouse, dependent parents, or children. *


Age-based tax benefits

Under Section 80D, if an individual is paying health insurance premiums for self as well as his/her family, they can claim a tax deduction of up to ₹ 25,000 from the taxable income. Additionally, the policyholder can get an extra tax exemption of ₹ 25,000 if the premium is paid for parents who are less than 60 years of age. However, if the taxpayer’s parents are senior citizens, i.e., above 60 years of age, the tax deduction for parents is available up to ₹ 50,000. **

For taxpayers above the age of 60, the cumulative tax benefits can be as high as ₹ 1,00,000. The breakdown is such that the senior citizen policyholder is entitled to tax deductions of up to ₹ 50,000 for paying health insurance premiums for self, spouse, and dependent children, whereas an additional deduction of ₹ 50,000 can be availed of against the premiums paid for their parents.


Preventive healthcare benefit

The expenses made on preventive health care check-ups are also eligible for tax deductions, up to a limit of ₹ 5,000. This tax benefit is well within the overall limit of ₹25000 or ₹ 50,000, as applicable. **

Health insurance, hence, should form an extremely vital component of one’s financial planning. Apart from providing financial security against medical contingencies, the extra edge that it offers in terms of tax benefits makes it one of the most profitable avenues to include in your financial portfolio.

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Which investments are covered by section 80D?

Section 80D of the Income Tax Act allows the premiums paid towards health insurance policies and the expenses incurred towards preventive health check-up as a deduction from your income tax return. **

Who are eligible to claim a deduction under Section 80D of the Income Tax Act?

The deduction under Section 80D can be claimed by an individual and a Hindu Undivided Family (HUF) from their taxable income. Thus, the medical insurance premiums paid for self, spouse, dependent children, and parents can be claimed as a deduction along with the expenses incurred towards preventive health check-up. **

What is the maximum deduction that can be availed of under Section 80D of the Income Tax Act?

Here’s a table that summarises the deduction available under Section 80D:


Premium paid for and the maximum deduction available

Aggregate deduction as per Section 80D

Policyholder, spouse and children

Parents, whether dependent or not

All beneficiaries not classified as senior citizens

Up to ₹ 25,000

Up to ₹ 25,000

₹ 50,000

Policyholder, spouse, and children are below 60 years, whereas parents are over the age of 60 years

Up to ₹ 25,000

Up to ₹ 50,000

₹ 75,000

Either the policyholder or their spouse is a senior citizen and parents are also senior citizens

Up to ₹ 50,000

Up to ₹ 50,000

₹ 1,00,000


What are the exclusions under Section 80D?

While the above points describe the coverage, it is essential to be aware of the exclusions too:

● No deduction is available for payment of premiums in cash. However, the payments for preventive health check-up by cash is available as a deduction. *

● The payment of premiums for non-dependent children, siblings, grandparents, or other relatives, cannot be availed of as a deduction. *

● No deduction is available for the premiums paid for a group health insurance policy on behalf of the member of the group. For instance, you will not be able to claim the deduction of the premium of your group insurance plan paid by your employer. *

* Standard T&C Apply

** Tax benefits are subject to change in prevalent tax laws.

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

Written By: Bajaj Allianz - Updated: 25thApril 2024


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