Is there an Income Tax exemption under Health policy?

                              

Is there an Income Tax exemption under Health policy?

            Premium paid under the Health insurance Policy is exempted from Income Tax under section 80D of the Income Tax Act up to Rs.15,000 for individual covering his family and dependent Children.

In case the proposer intends to cover his parents under medical insurance, he is eligible for a deduction of another Rs.15,000 under section 80D.
                                
                INCOME-TAX BENEFITS FROM LIFE INSURANCE AND RATES FOR ASSESSMENT YEAR 2015-2016 (FINANCIAL YEAR 2014-2015)