💰 Tax Savings · Deductions (80C–80U)
Health insurance premium deduction — Section 126 (old 80D)
✍️ EaseValue Advisors · Updated 17 Jul 2026 · FY 2025-26
In short
Premiums on health insurance for you, your family and your parents are deductible up to ₹25,000 each (₹50,000 where a senior citizen is insured), plus ₹5,000 for preventive check-ups — Section 126, Income-tax Act 2025 (old 80D).
The limits
- Self, spouse & dependent children: up to ₹25,000 a year (₹50,000 if you or your spouse is a senior citizen).
- Parents: an additional ₹25,000 (₹50,000 if the parents are senior citizens) — whether or not they depend on you.
- Preventive health check-up: up to ₹5,000 within the above limits (cash allowed for this).
- Senior citizens without insurance: actual medical expenditure up to ₹50,000 qualifies.
Maximum you can claim
Family (senior) ₹50,000 + parents (senior) ₹50,000 = ₹1,00,000 a year. A younger family with senior parents: ₹25,000 + ₹50,000 = ₹75,000.
Conditions
- Premium must be paid by any mode except cash (cash allowed only for check-ups).
- Old regime only — not available in the new regime.
Who it helps
Anyone paying health-insurance premiums for the family or ageing parents — one of the most-used and cleanest deductions.
The law behind it
Section 126 (old 80D)
General information for FY 2025-26 (AY 2026-27), not advice on your specific case. Limits, rates and conditions
change with each Finance Act and depend on your facts — confirm before acting. © EaseValue Advisors LLP.
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