Please note that the Deduction for payment of Life Insurance premium under section 80c is allowed only if paid for self, spouse and childrens.

Life Insurance premium paid for parents whether independent or dependent is not deductible under section 80c.

Posted 3 years ago by CA Pulkit Sharma


Does it apply to even premium paid for health insurance?

Posted 3 years ago by Rahul Rai


Health Insurance or Mediclaim policies can be taken on the name of spouse, children, or parents.

Posted 3 years ago by CA Pulkit Sharma


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