Hello all,
I am planning to buy a health insurance policy for myself and my younger sister(non-earning).I know that i cannot claim tax benefits on the premium paid for my sister.If I buy a floater policy covering me and my sister,can i claim tax deduction on my share of the premium?
For example,instead of buying two individual policies of 5 lakhs each,if I buy a single floater of 10 lakhs,will i be able to claim for tax deduction on my share of 5 lakhs i.e 50% of the premium?
Please help