80c deduction on single premium policies

I think maximum 20% of the preimum paid is eligible for the deduction

Good question Saumik.

Even I am facing the scene in my company where several employees are questioning me on this wrt their section 80C deduction. The trick here is that if they give you the online premium paid certificate downloaded from LIC site, the employer cannot ascertain 20%, as, the policy value is not mentioned therein. Only in case of physical paid premium receipts this can be factored in.

Please update us in case you come to know of any other information on this from whatever source.

Regards,

Anupam what u have stated is true but there are cases where the insured is required to pay one time premium and in all such cases the amount paid as premium exceeds 20% of the Sum Assured.