Dedcution U/s 80C

Hi All,

One of my employee had a LIC policy Samridhi Plus & Endowment Plus (both are Unit Linked Plan of LIC) where the Sum Assured are Rs.50,000/- each and he paid premium of Rs.40000/-each policy (single premium paid) 

Now the question is can I give him dedcution of Rs.80,000 U/s 80C (Actual premium paid) or should I give 20% of the Sum Assured?? as per this ..... if the premium paid exceeds 20% of the capital sum assured, the amount eligible for deduction u/s 80C in respect of the premium shall be limited to 20% of the actual capital sum assured.

Waiting for your valuable reply.

Thanks

Devraj