25 May 2017
All-your-money-queries-answered
Is the tax benefit of paying premium of a health plan available for my in-laws?
Is the tax benefit of paying premium of a health plan available for my in-laws?
Ruchi Sharma, Chandigarh
The deduction towards the health premium payment can be availed only if it is paid against a health policy taken for self, spouse, dependent children and parents (section 80D). The benefit is not available for health premium payment for in-laws. To make a policy work for your in-laws, ask your spouse to take a policy which includes his parents to get them covered.