Rebate against lic premium

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2018
Sir,
I am paying LIC premium against a policy of my son . Can I claim rebate in Income Tax under sec 80C .?
With regard,
Sudhir Saha

Expert : Anonymous

Expert : Anonymous (Expert)

28 June 2018 Yes... You can claim the Deduction...

Asha Kanta Sharma

Asha Kanta Sharma (Expert)
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20 July 2025 Yes, you can claim deduction under Section 80C for LIC premium paid on your son’s policy if you are the person who is paying the premium and you are the policyholder or life assured—but there are some nuances:

Key Points:
Policyholder and Assessee:
If the LIC policy is taken in your name (i.e., you are the policyholder and the life assured), then you can claim deduction under Section 80C for the premiums paid by you.
If the policy is in your son’s name (he is the policyholder and life assured), then you cannot claim deduction, even if you pay the premium. The deduction is allowed only to the person who is the policyholder.
Payment by You:
It is not necessary that you must pay by yourself to claim deduction. Even if someone else pays the premium on your policy, you can still claim deduction as long as you are the policyholder and life assured.
For minor son:
If the policy is in the name of your minor son but you are the legal guardian and pay the premium, the deduction can be claimed in your hands.

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