Life insurance premia

I have 2 LIC policies and i have paid premia on both the policies. Can i claim premia on both the policies under section 80c up to Rs 1,50,000

 

Replies (3)
Quick Summary
You can claim deductions for life insurance premiums paid on your LIC policies under Section 80C of the Income Tax Act. This deduction is allowed in aggregate for all policies, up to a maximum of Rs 1,50,000. However, this benefit is only applicable if you choose to file your taxes under the old tax regime.

Yes, allowed to be claimed in aggregate, but under old regime.

Yes you can claim the same to the extent 1.5 lakhs of you are filling under old regime
Life insurance premia deduction of chapter vi

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