Give a thought for everyone

No one cal tell what the basis of this bias.

This is a conceptual question.

We should analytically think what is the intention of the legislature behind the law. Then it becomes interesting for us to know more about the subject and it also helps us understnding practical use of the subject.

1. 80C deudction is given for savings and education. In India only 7% persons enjoy retirement life.  To encourage saving this deduction is allowed.  Since during continuance of the earning; family is fully dependant on the Earning Member hence payment towards LIC is also is very important to safeguard the economic needs of the family in case any mishappening is there of the earning member.  Studies of children is also required as we think that this is the dire need of the society. In India; most of the people are not  covered with the full insurance. Many even do not know how much insurance is needed for them according to their own living standards.  To make them aware about saving, security and education; the investment and expenditures towards is allowed u/s 80C. Since old parents are dependant upon earning member; hence no deduction is allowed towards 80C for LIC Premium.  (It is deemed that they have already invested  their savings during their earning time and has taken benefits u/s 80C then).

Regarding mediclaim; it is moral and social duty of the the Earning Member to take care of health for his whole family hence this deduction is allowed who pays premium towards this. 

good view by you sir

Logical Analysis

CAN ANYONE TELL UNDER 80C deduction is not given for parents life insurance premium but under 80D its given.

Is an Individual eligible to claim deduction U/s 80C forthe Investments done for the Spouse or childern for the Premium of L.I.C.