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Personal accident insurance

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(Querist)
07 August 2014 Respected Sir, an assessee has taken a life cum personal accident insurance with LIC of India, on which the premium on life insurance is Rs.8000/- while on accident insurance is Rs.225/-. Can the assessee claim total premium of Rs.8,225/- u/s-80C? I haven't found anywhere about claiming of accident insurance premium but only mediclaim or life insurance premium (excluding late fees, if any). Please clear my confusion.

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Prof. Bajaj

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Prof. Bajaj (Expert)
08 August 2014 If it is an accidental rider, then it can be claimed u/s 80C.

If it is a separate accident policy, it can be claimed u/s 80D.
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Stranger

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Stranger (Querist)
08 August 2014 Sir accidental rider means the policy which is along with life insurance policy & not a separate one??
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Prof. Bajaj

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Prof. Bajaj (Expert)
09 August 2014 Rider is not a separate policy. Its an added feature in the same policy.
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Stranger

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Stranger (Querist)
09 August 2014 thanx alot for ur reply sir.
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