Can I claim tax benefits for 3 yrs , if I pay 3 yr premiums in one go in health insurance ?

POSTED BY ashishagg13 ON April 18, 2014 11:40 am ONE COMMENT

Hi guys,

I wanted to ask that if I buy a 3-yr health insurance policy this year, can I claim tax rebate for the next 2 years also? If I buy 1-yr policies each year then the rebate is applicable, not sure if the same holds for a 3-yr policy when I am paying the 3 years’ premium together in one payment.

Please share your thoughts on this.

Thanks,

Ashish Aggarwal

One reply on this article “Can I claim tax benefits for 3 yrs , if I pay 3 yr premiums in one go in health insurance ?”

  1. ashalanshu says:

    Dear Ashish, the prem. is available for tax benefit only in the year of actual payment. So in your case, it’ll be 1st year only. Next 2Y, no benefit.

    Thanks

    Ashal

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