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Can I take health insurance plan for my parents who are senior citizen? Is there any tax benefit available if I pay premium for them?

Yes, you can take health insurance plan for your parents who are senior citizen. Now a days so many insurance company has designed product especially for senior citizens. You are also eligible to claim tax deduction u/s 80D upto Rs 20000/- P.A. if you pay premium for them.

Source:CAMS

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