LIC 80C Tax Planning – Maximize Your Deductions

Maximize Section 80C with LIC in 2026

₹1.5L 80C limit — how to maximize with LIC:

• LIC premiums for self, spouse, children qualify
• Parents' policy premiums do NOT qualify under 80C
• Premium must be ≤ 10% of SA for full deduction
• Tax saving at 30% slab: ₹45,000 on ₹1.5L investment
• ELSS + LIC combination: More flexible for different goals

Example: ₹60K LIC premium + ₹90K ELSS SIP = Full ₹1.5L 80C utilized. Tax saved: ₹45,000 at 30% bracket.