The person who has paid...for example joint policy in case of husband-wife...then the spouse paying premium eligible for deeduction....

tell me section para also if available?

I would suggest to speak to the life insurance company where you have enrolled for. They would provide you with the best possible answer as well as gives you the right para etc.

I have read it somewhere that if one person decides they no longer want to pay their share of the premium, the policy may lapse. However as Veeral mentioned above; it is not bad to consult a financial advisor for any term plan you have taken.