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ajai
19-08-2014, 09:06 PM
I have taken a mediclaim policy covering myself, my disabled and dependent sister and brother. I am paying premium for myself and for my disabled and dependent sister and brother. Can I claim the premium amount paid for them under 80D and if yes, please tell me what will be the maximum limit that I can claim?

Thanks a lot!
Ajai

Matrix
25-08-2014, 01:46 PM
The only way to claim your brother and sister premium is creating an HUF and paying premium via HUF account.

An individual is allowed to claim deduction under Section 80D when the policy is taken on the health of the assessee, his spouse, parents (dependent or not) and dependent children.

Xbox
27-08-2014, 07:17 PM
Can I claim the premium amount paid for them under 80D and if yes, please tell me what will be the maximum limit that I can claim?

For an individual Rs.15000 per year deduction is allowed under Sec 80D.

Please note that except from cash, any mode of payment is allowed as deduction like payment through cheque, debit card, credit card etc.