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Deduction U/s 80 C

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(Querist)
31 January 2011 I want to know that whether we can claim deduction of insurance premium paid to LIC for parents .

Thanks
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
31 January 2011 The section does not permit to avail such a deduction.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
31 January 2011 No. LIC premium for self / spouse & children is only allowed.

Parents are covered in the mediclaim section of 80D
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