Ded u/s 80C on Life Ins. to policy holder or insured?

X is father and Y is his son.

Case - Y has taken life insurance policy under which deduction is available under Sec. 80C. X is Proposer(policy holder is father) and life insured is of Y. Payment is made from joint account and reciepts are in name of X. Y is working in a company and his company CA refused to take into account insurance policy for tax benefits as reciepts were in father's name.

I want know whether Y can take benefit under sec. 80C ?