Health Insurance For Parents

A health insurance cover is one of the necessities especially if one has to cover the finances for the healthcare of their elderly parents.

Health insurance for parents. Owning a health insurance policy today has become an essential requirement. Opting for health insurance for parents in india is the safest way to deal with such unwarranted expenses as it extends comprehensive benefits tailor made to cover all medical ailments arising due to old age. A health insurance policy will ensure that your parents enjoy quality medical attention during their later years of life.

The amount you pay towards health insurance for your parents is eligible for tax exemption under section 80d of income tax. The cost of medical treatments in india have gone up immensely over the last few years which is why buying health insurance for your parents is an absolute must. If you are paying a premium for yourself and your parents below the age of 60 years then your total tax benefit limit on health insurance premium is rs 50 000.

And this limit is 75 000 if the parents are above 60 years. Health insurance premium that you pay for your parents is also eligible for tax exemption under section 80 d. The total tax benefit limit is 50 000 if you are paying for health insurance for your family and your parents aged below 60 years.

Health insurance for parents having pre existing illness.