Will I Get Tax Benefits On My Parents Mediclaim | Bharti AXA GI


Car Insurance

Two-Wheeler Insurance

Travel Insurance

Health Insurance

Motor Third Party Liability

Commercial Vehicle

Commercial Lines Insurance

Bharti AXA SME Package

Home Insurance

Pradhan Mantri Fasal Bima Yojana(PMFBY)

Arogya Sanjeevani

List of products

List of withdrawn Products

Car Insurance

Comprehensive Car Insurance

New Car Insurance Policy

IDV in Car insurance

No Claim Bonus in Car Insurance

Bumper to Bumper Car Insurance

Bike Insurance

Comprehensive Two Wheeler Insurance

IDV in Bike Insurance

No Claim Bonus in Bike Insurance

Bike Insurance Quote

Travel Insurance

Travel Insurance Coverage

Benefits of Travel Insurance

Travel Health Insurance

Travel Insurance Quote

Health Insurance

Cashless Health Insurance

Knowledge Centre




Travel Guide

Visa Guide

Road Trip

Insurance Glossary

Health & Fitness Guide

Food & Cuisine Guide

RTO Guide

Driving License Guide

Car Manufacturer

Two-Wheeler Manufacturer

Travel Destination

Bharti AXA & YOU

About Us


Contact Us

Cashless Garages

Cashless Hospitals

Branch Locator


Investor Relation Information


Public Disclosure

Knowledge Centre

Download Center

Media Center

Consumer Education

Electronic Insurance Account

Update IRCTC Nominee

Unclaimed Amount


Notice Of General Meetings

Service Parameters

Suspended Agents

Whistleblower policy

Become A Partner

About Group

AXA Group

Bharti Enterprises

Bharti AXA Life Insurance

Download My Airtel App


Privacy Policy

Terms of Use

Fraud Risk Management Policy

Equal Opportunity Policy

Explore Our Products

Car Insurance

Bharti AXA provides a comprehensive cover for your car,so you can drive hassle-free.

Two Wheeler Insurance

Ride worry-free, with Bharti AXA two wheeler insurance plan. 

Health Insurance

Safeguard the health of your loved ones with a wide range of Bharti AXA health insurance plans.

Travel Insurance

Secure your joyous family trips with Bharti AXA international travel insurance cover.

Bharti AXA Home Insurance

Bharti AXA Home Insurance

Bharti AXA SME Package Insurance

Bharti AXA SME Package Insurance

Bharti AXA Commercial Lines Insurance

Bharti AXA Commercial Lines Insurance

Bharti AXA Commercial Vehicles Insurance

Bharti AXA Commercial Vehicles Insurance

Bharti AXA Motor Third Party Insurance - Commercial

Bharti AXA Motor Third Party Insurance - Commercial

Pradhan Mantri Fasal Bima Yojana (PMFBY)

Pradhan Mantri Fasal Bima Yojana (PMFBY)

Bharti AXA Car Insurance

Renew your Bharti AXA car insurance to enjoy your non-stop drive.

Bharti AXA Two Wheeler Insurance

Renew your Bharti AXA Two Wheeler Insurance to continue your worry-free rides.

Bharti AXA Health Insurance

Renew your Bharti AXA Health Insurance and continue to safeguard the health of your loved ones.

Register Claim

Track Claim



About Bharti AXA

Branch Locator

Cashless Garages

Cashless Hospitals


Contact Us

Become A Partner

Become A Partner
[object Object]
[object Object]

Travel Insurance


Health Insurance


Two-wheeler Insurance


Car Insurance

Disclaimer : The information published on this website is for the public′ s reference only. Content of this information is to provide an overview of your Travel needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel,services, or any other items mentioned on this subject for any purpose whatsoever.

Will I Get Tax Benefits On My Parents Mediclaim

A health insurance policy has become a must-have, not just for you but for your whole family including parents, in these days of rising medical and hospitalization costs. Even though it does not fetch any returns, a health insurance policy has two main benefits. Apart from covering your medical and hospitalization bills, it also enables you to avail income tax deductions. You can claim these tax benefits on health insurance even if you are paying the premium for your parents.

As per income tax rules a deduction of Rs 25,000 per annum is allowed under section 80D if you buy a policy to cover yourself, your spouse and dependent children. Moreover, there are another Rs 25,000 tax benefits on health insurance if you are paying the premium of the health insurance policy of your parents.

The benefit is exclusive of the Rs 1.5 lakh per annum deduction u/s 80C which also includes life insurance premium and EPF contributions. The benefits you get on payment of health insurance premium is over and above this limit of Rs 1.5 lakh per annum.

Another thing to remember is that since you can claim tax benefits for the health insurance premium paid for self, spouse and dependent children and parents, you can also claim benefits for preventive health check-ups under Section 80D. A maximum benefit of Rs 5,000 for health check-ups can be availed within the overall limit. There is an even bigger benefit for super senior citizens (more than 80 years old) who are not insured, namely medical expenses of up to Rs 30,000 are eligible for a tax deduction. Section 80D of the Income Tax Act specifies that a parent need not be dependent on their children to avail tax benefits. A child can avail the benefits by paying the health insurance premium of their parents whether they are dependent or not.

There are innumerable insurance companies which are providing health insurance policies, and it can become very confusing for you to decide which health insurance plan to go for. It would be best to stick to the different health insurance plans offered by Bharti AXA.

Most Recent Blogs


Things that are Not Covered under Health Insurance

18th Jul,2020



List Of Non-Gear Bikes You Could Buy On A Friendly Budgeta

13th Jul,2020



Here Is A List Of Documents You Have To Keep In Your Car At All Times

07th Jul,2020



Are Adventure Activities Covered in your Travel Insurance Plan?

09th Jun,2020