An additional deduction is available for premiums paid for parents’ health insurance. If parents are below 60 years of age, you can claim up to ₹25,000. If either parent is 60 years of age or above, the limit increases to ₹50,000. This is in addition to the deduction for self and family. Health insurance premiums paid for parents are eligible for the Section 80D tax deduction of up to ₹25,000 per financial year. If one or both parents are senior citizens, the tax deduction on health insurance can be availed up to ₹50,000 in a financial year. Most individuals miss this separate parental deduction limit entirely, claiming only for self and spouse.

Not financial, legal, or tax advice. Verify independently before acting.