Loss of Income Insurance

Can I claim tax relief on a Loss of Income insurance premium?

Hi Cam,
When a chargeable event occurs, the calculation result may not always be positive. In such cases, no gain is realised, and you need not include any entries on your tax return. 
If the result of a full surrender, death, or maturity calculation is negative, and no gains were made from the policy in prior years, you have incurred a loss on the policy. There is no relief available for this loss, and it should not be reported on your tax return. 
Additionally, a loss from one policy cannot offset a gain from another. 
However, if you previously realised gains on the policy and the latest calculation results in a loss, you may be eligible to claim Deficiency Relief.
Thank you.