This discussion clarifies whether a husband can claim tax savings under Section 80C for SBI Life insurance premiums paid in his non-earning wife's name. The consensus is yes, the premium paid can be considered for 80C deductions. This offers a valuable tax planning opportunity for couples.
12 October 2021
sir can premium paid in wifes name in sbi life insurance policy be considered as savings for husband u/s 80c since wife is not employed.