For you and your dependent family, you can claim a Tax Deduction up to ₹25000/- on the health Insurance premium paid. If any family member is above 60 years, this limit of deduction is up to ₹50000/-.
Also, for your parents, you can avail an additional ₹25000/- deduction if they are below 60 years of age or ₹50000/- if they are senior citizens.