Deductions available to Individuals under Section 80D:

  • Deduction on Medical insurance premium paid for himself,spouse,dependent children =Rs 15000 maximum.
  • Deduction on Medical insurance premium paid for parents ,whether dependent on assesee or not =Rs 15000 maximum
  • Deduction to HUF: Deduction to HUF is available on insurance premium paid for policy taken for of any member of the HUF


Addition deduction for Resident Senior Citizen:In addition to two point above, additional deduction of Rs 5000 is available where assessee or his spouse (wife or husband) or dependent parents or any member of the family in case one and father or mother is a resident in India and a senior citizen in case two.And same in the case of HUF assessee if policy has been taken on member which is senior citizen than additional Rs 5000/- deduction is available also to HUF.

Senior citizen means who is at least of 65 year of age or more at any time during the previous year.