Mediclaim exemption under Section 80D

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  1. Y V Shetty

    Y V Shetty New Member

    Is claim under Overseas Mediclaim for self and dependants allowed for deduction under Section 80D of the IT Act ?
     
  2. Piyush Chawla

    Piyush Chawla Active Member

    Are you talking about Mediclaim Insurance Premium or amount reimbursed by employer for mediclaim?

    Please elaborate your query
     
  3. Y V Shetty

    Y V Shetty New Member

    This is in regard to overseas mediclaim insurance premium for travel abroad
     
  4. V K Khanna

    V K Khanna Active Member

    Sec 80D doesn't prohibit claim of deduction for premium paid for overseas mediclaim policy. However, for claim of deduction, the following conditions must be fulfilled:-

    1). The premium paid must be by any mode other than cash, and

    2). The insurance company issuing such overseas mediclaim policy must be the one which has the approval of the Insurance Regulatory and Development Authority (IRDA).
     
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