1st point is how much maximum allowed in 80c i.e. 1.5 lakhs (life insurance premia, tuition fee, PPF, GPF, NSC etc). . 2nd point is u can claim premia of life insurance policies under 80C only for such policies which have a premium of less than 20% of the sum assured. eg. If the policy sum assured is 10 lakhs, and annual premium is 2,10,000 then u cannot claim that policy u/s 80C. however if annual premium is 2 lakhs or below then u can claim u/s 80C. (and this 2 lakhs will be restricted to 1.5 lakhs ceiling)
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