Deduction cap for life insurance premiums reduced for policies after specified date, limiting premium to proportion of capital sum assured. The amendment confines deduction under section 80C for premiums on life insurance policies issued on or after 1st April, 2012 by inserting sub-section (3A) which limits application of sub-section (2) to premiums not in excess of ten per cent. of the actual capital sum assured and defines 'actual capital sum assured' as the minimum amount assured on occurrence of the insured event excluding returned premiums and bonuses.