Surrender of Life Insurance Policy - Taxability

My father has paid premium through credit card for my insurance policy, so he will be allowed for deduction u/s 80c. But after say around 1 month I cancel/surrender my policy coz i've got another good plan, then the refund cheque on such surrender received is in my name.
Please tell me the tax implication in such case, whether it is taxable in my hands or my father?
And what if
My father does not claim deduction for such premium paid, even then will it be taxable in hands of any one of us?