LIC Premium Cash

  • If we make LIC policy premium payment in cash at LIC branch , will we get deduction under 80C OR we have to make payment online to get deduction under 80C ?
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Quick Summary
This discussion clarifies whether paying LIC policy premiums in cash at an LIC branch allows for tax deductions under Section 80C. The consensus is that cash payments are indeed eligible for the 80C deduction, meaning you don't necessarily need to pay online to claim this benefit.

Yes. section 80c does not prohibit cash payment of lic premium
We can claim the benefit of deduction in 80C for LIC premium paid in cash.
Deduction available

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