Tax Credits & Reliefs >> Tax Relief for Permanent Health Insurance PoliciesTags: PHI policies, tax deductions, tax relief
Who can Claim?
An Individual who pays a premium on a policy to secure the continuance of income and payment of benefits during disablement through accident, injury or sickness.
Conditions to Qualify
The policy must be approved by the Revenue Commissioners as a Permanent Health Benefit Scheme.
The relief is allowed in respect of premiums paid in the year subject to a maximum claim equal to 10% of income.