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Mediclaim insurance u/s 80d lumpsum paid for next 3 years

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 February 2013 I have paid Rs.60000/- mediclaim premium for the next four years. Can I get the benefit of the same in next four years or in the same year of payment pls guide

27 February 2013 Hello

You would get benefit in current year as per prevailing limits i.e. 15000 for self and family, additional 15000 for parents (20000 for senior citizen).

I request others for their opinions.

I am surprised to hear that Insurance companies issuing such policy, generally they dont issue policy for period more than a year. Could you please let me know the name of company? Is it approved by IRDA?

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 March 2013 It is HDFC ERGO General Insurance co ltd


17 August 2023 Insurance company give rebate in premium when paid for 3 years or more. Yes, your claim it equally over the insured period.



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