I am planning to buy health insurance from Apollo Munich, one individual health insurance for my mother and one family floater including me and my wife, I have doubt regarding the exemption I get in 80 D. Suppose the individual health insurance premium cost me around 15,000 Rs, and family floater cost me around 10,000. Hence, I am eligible for the tax exemption of Rs 25,000, 15,000 for dependent parents and 15,000 for health insurance of self, spouse and children, is this understanding correct? or I have missed something, or the tax exemption will of Rs. 15,000 irrespective of the number of policy I take.
Regards
Zoeb