Policy in the name of working wife falls u/s 80 c?

Yes, you can claim u/s 80C. as the section allows the deduction of premium paid for spouse and children. 

Hello,

Any amount that you pay towards life insurance premium for yourself, your spouse or your children is included in Section 80C deduction. Please note that life insurance premium paid by you for your parents (father / mother / both) or your in-laws is not eligible for deduction under section 80C

Yes, U can claim