Need A Financial Product Forums Tax Savings Will I get tax benefit on family floater insurance policy

This topic contains 1 reply, has 2 voices, and was last updated by  Anand Lakhotia 2 years, 4 months ago.

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  • #46747

    I want to take a family floater health insurance policy for self and younger brother who is for a time being financially dependant on me. If I take a family floater then will I be able to get tax benefit on premium paid for self?

    #46748

    Laxman Subir
    Member

    Instead of taking a family floater, I will suggest you to take two individual policies. However, if at this stage you can’t afford the same then better ask insurance company for premium break-up i.e., premium charged for each individual insured under your family floater, then you can claim premium for self for tax benefit.

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