This Diwali - Insurare Your Family Completely!!
Now - Medical Insurance Premium Paid For Parents is eligible for Sec 80 D Deduction!! The deduction under Section 80-D in respect of medical insurance premium is available to an individual where it is paid to insure the health of such individual, the spouse of such individual, dependent parents or dependent children of such individual.
The word ‘dependent’ is not defined in the Section and it should be understood as a person who is wholly or mainly dependent on the individual and probably should also be understood not to mean mere financial dependence.
