Need A Financial Product › Forums › Tax Savings › Can I claim tax benefit for my wife’s insurance premium This topic contains 1 reply, has 2 voices, and was last updated by Harinder Singh 3 years, 3 months ago. Viewing 2 posts - 1 through 2 (of 2 total) Author Posts August 6, 2014 at 9:29 pm #46715 Harinder SinghMember I pay Rs. 10,000 annual premium for my wife’s LIC. Can I claim the premium payment for her as my savings for income tax purpose? Please guide me August 9, 2014 at 8:02 pm #46716 Niranjan JainMember If a husband pays premium for wife’s life insurance then he can definitely claim it under section 80 C. Similarly, if a wife pays premium for husband’s life insurance, then she can claim it as her savings for income tax purpose. Author Posts Viewing 2 posts - 1 through 2 (of 2 total) You must be logged in to reply to this topic.