You can submit the premium paid certificate issued by the insurer to claim up to ₹1,00,000 under Sec 80D of the Income Tax Act.
- Premium paid for self, spouse and kids: If you are below 60Y you can claim up to ₹25,000. If above 60Y you can claim ₹50,000.
- Premium paid for dependent parents: If your parents are below 60Y you can claim up to ₹25,000. If your parents are above 60Y you can claim ₹50,000.
- Preventive health checkup: For self, spouse and kids you can claim ₹5,000. For parents, another ₹5,000. This is within the overall limit of ₹25,000/₹50,000 as the case may be.
