double benefit on insurance policy - 80d

This query is : Resolved

Vipin Rathi (Querist)
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07 August 2012 Dear Sir,
I Have Two Medical Insurance Policy .
1. United India Insurance Rs. 125000
2. Bajaj Aliance Rs. 50000

Can I Claim At The Same Time Two Medical Insurance Policy In a hospital Under Same illness.

If The My Policy Is cash Less Policy.

SIR I AM NOT TAKING ABOUT 80 D.

Thanks
Regards
vipin

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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07 August 2012 You can claim as many policies as you want. However, the total benefit shall be restricted to Rs. 15,000.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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07 August 2012 Yes agreed,
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

there is no matter how many policies you have its subject to maximum limit.

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srinath

srinath (Expert)
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07 August 2012 However in case you are senior citizen (ie more than 65 age) you would be eligible to claim Rs 20,000 and in case your parents are senior citizen u will be eiligible for another 20,000