Are maturity proceeds of single premium policy fully taxable?
Maturity proceeds under single-premium life insurance policies are not exempt. Premiums exceeding 10% of the sum assured are taxable. Indexation benefits may be available for long-term capital gains
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Maturity proceeds under single-premium life insurance policies are not exempt. Premiums exceeding 10% of the sum assured are taxable. Indexation benefits may be available for long-term capital gains
