80c tax exemption

I hold an ULIP where the insured is Me (life insured), and the name of the proposer is my father (dependent). I pay an yearly 50K installment towards this.The plan by default is eligible for 80C deductions. 

I would like to know whether i would be eligible to show this amount for tax exemption under 80C.As the proposer name is different, whether i can claim this under 80C.

thanks