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Thread: Health Insurance premium paid by my mother's Bank account, can I still claim deduction for premium amount under section 80D?

  1. #1
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    Question Health Insurance premium paid by my mother's Bank account, can I still claim deduction for premium amount under section 80D?

    My dependant parents are covered under mediclaim offered through a PSU Bank. Every year amount is debited from mother’s account for renevwal of said policy. However, amount of premium is transferred by me into her account and then her account gets debited due to the nature of transaction (Bancassurance). Insurance premium receipt is hence issued in mother’s name. Can I still claim deduction for premium amount under section 80D?

    Regards,

    Medhu



  2. #2
    Moderator Expert's Avatar
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    Feb 2009
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    New Delhi
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    Default

    No you can't. Your mother can. It's whose paid the premium and receipt should be in his name.
    * SAFE
    Self Appointed Financial Expert


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