28th December 2012 From India, Chennai
It is a practce in many mgf companies to deduct LIC premiums under the "SSS" scheme i.e. Salary Saving Scheme. The amt so deducted is authomatically captured for TDS calculations & in the Form 16.
Apart from this, it is better not to get into other deductions like vehicle insurances, etc. at it will only add to administrative headaches of yours, without any value add.
24th April 2013 From India, Mumbai