An individual assessee pays (through any mode other than cash) during the previous year medical insurance premium, out of his taxable income, as under: a. 12,000/- to keep in force an insurance policy on his health and on the health of his wife and dependent children; b. 17,000/- to keep in force an insurance policy on the health of his parents.

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....on his health and on the health of his wife and dependent children; b. 17,000/- to keep in force an insurance policy on the health of his parents.<br>Deduction u/s 80D Income Tax – Exemptions and De....