Life insurance cover for home loan comes under 80C ?

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..... Dear All, I took a home loan from HDFC bank for Rs.1250000/- for that i have covered life insurance under HDFC Life cover for home loan protection plan and paid Total premium Rs.44600/- for 12 yea .....

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..... rs along with home loan. So total sum assured is Rs.1294600/- . Whether i can get IT benefit under SEC. 80C for this premium paid amount of Rs. 44600/-. it the one time premium paid and there is .....

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..... no return benefit. Kindly give ur valuable feedback. Thanks. Venkat - Reply By CA GOPALJI AGRAWAL - The Reply = To my view, it is deductible if it qualified the conditions of life insuranc .....

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..... e policy as the premium is less than 10 percent of the sum assured. - Life insurance cover for home loan comes under 80C ? - Query Started By: - venkat eswaran Dated:- 5-3-2014 Income Tax - Got 1 R .....

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..... eply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI .....

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..... - TMITax .....

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