Interest paid on LIC loan

 In case if a salaried person takes loan against LIC policy then is there any provision based on which interest paid on loan can be claimed as tax deduction.

Replies (2)
Quick Summary
This discussion clarifies whether interest paid on a loan taken against a LIC policy is eligible for tax deduction. The consensus is that you cannot claim tax deductions for interest paid on such loans. Therefore, if a salaried individual takes a loan against their LIC policy, the interest incurred is not tax-deductible.

You can not claim interest paid on loan as tax deduction.
No it can not be claimed

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