Cash for LIC premium

Yes, you can if the premium recipt is in your name and the policy is in your or your spouse or in your childs name.

hi

mr.Dashrath sir correct..

Yes, Cash or cheque payment will not be a matter of issue in LIC premium income tax benefit.

YES........DEDUCTION IS ALLOWED.

CASH PAYMENT IN CASE OF MEDICAL INSURANCE IS NOT ALLOWED AS DEUCTION U/S 80 D.