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Thread: Can I avail Sec 80C benefit, if I pay my life insurance premium online using my credit card?

  1. #1
    PolicyWala Newbie
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    Default Can I avail Sec 80C benefit, if I pay my life insurance premium online using my credit card?

    Can I avail Sec 80C benefit, if I pay my life insurance premium online using my credit card? I have checked and found that there is nothing in this regard mentioned, under Sec 80C, regarding mode of payment.




  2. #2
    Moderator Rahul's Avatar
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    Quote Originally Posted by Rajeev S View Post
    Can I avail Sec 80C benefit, if I pay my life insurance premium online using my credit card? I have checked and found that there is nothing in this regard mentioned, under Sec 80C, regarding mode of payment.
    You can pay premium by any mode - Cash, Cheque, Online, Credit Card. All OK. You just need to submit premium receipt.
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  3. #3
    PW Stalwart v.r.s.nathan's Avatar
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    Payment can be made in any form, just submit the receipt of premium paid to claim deduction.


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