80c and 10(10)(d) query

1. For any policy taken after 01.04.2012 amount of premium paid should not exceed 10% of the sum assured in order to claim exemption u/s 10(10D). 
2. In the above case since the premium paid is more than 10% of the sum assured, the benefit of exemption u/s 10(10D) will not be available. 
Please correct me if the above solution has an alternative view.