Mr X, a senior citizen. has a mediclaim policy for himself, his wife, also a sr, citizen and his 2 daughters. Mr X was paying ins. premium so far, but as finances are not good now, he is not in a position, to pay premium now. (and will be paid by one of his daughter)
Now, the query is,
if any of his daughter pays this premium (of the policy in her fathers name), will she get exemption benefit in IT. If yes, then how much (full amount or part of it). If no, then what are the alternatives/solution. BTW, the premium payment is due, next week.
Thanks