But my query is with a condition.
"even if the mediclaim policy is in the name of father"
the policyholder's name is irrelevant and whosoever will pay premium (subject to above table), will get deduction
Let me clarify:
We know that, if I am a mediclaim policy holder and names included are of me, my wife, my children and my parents. I will get deduction, as per table.
But, will I get deduction, even if the mediclaim policy is in the name of my father and my name is included in that policy (or may be not included) and I am paying this premium.