Life insurance cover for home loan comes under 80C ?

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....ife insurance cover for home loan comes under 80C ?<br> Query (Issue) Started By: - venkat eswaran Dated:- 5-3-2014 Last Reply Date:- 5-3-2014 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear All, I t....

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....ook a home loan from HDFC bank for Rs.1250000/- for that i have covered life insurance under HDFC Life cover for home loan protection plan and paid Total premium Rs.44600/- for 12 years along with hom....

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....e loan. So total sum assured is Rs.1294600/- . Whether i can get IT benefit under SEC. 80C for this premium paid amount of Rs. 44600/-. it the one time premium paid and there is no return benefit. K....

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....indly give ur valuable feedback. Thanks. Venkat Reply By CA GOPALJI AGRAWAL: The Reply: To my view, it is deductible if it qualified the conditions of life insurance policy as the premium is less ....

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....than 10 percent of the sum assured.<br> Discussion Forum - Knowledge Sharing ....