Need A Financial Product › Forums › Tax Savings › Can I claim tax benefit for my wife’s insurance premium › Can-I-claim-tax-benefit-for-my-wife-insurance-premium_REPLY

August 9, 2014 at 8:02 pm #46716
samkapoor77
Keymaster

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.