Articles

A comprehensive guide to the taxability of LIPs and ULIPs, covering Section 10(10D) exemptions, Finance Act 2021 & 2023 amendments, capital gains taxation, TDS provisions, and ITR reporting requirements for AY 2026-27.

Got Money from a Life Insurance Policy or ULIP? Here's How It Is Taxed and Reported in Your ITR

Judgement

The ITAT held that maturity proceeds from a life insurance policy are fully taxable under Section 10(10D) when the annual premium exceeds 20% of the sum assured.

Premium Above 20%? ITAT Denies Section 10(10D) Exemption on LIC Maturity; Holds Entire Amount Taxable

Clause (10D) of section 10 provides for income-tax exemption on the sum received under a life insurance policy, including bonus on such policy.

ULIP with Premium of more than Rs.2.5L to be treated as Equity-oriented Fund for Capital Gain Taxation [Budget 2025]

News

If you are considering purchasing a life insurance policy or if you are already a policyholder, it is essential to be familiar with the language and terms insurers use. Knowing these terms will give you confidence and help you make decisions on your own behalf.

Technical Terms You Should Know Before Buying Life Insurance: Your Insurance Agent Doesn't want you to know this

Life insurance policies are important for the safe future of your family, so buying the best life insurance policy becomes even more important. There are certain key points to consider while choosing your life insurance policy.

Don't Buy Your Life Insurance Before Reading This: Check Key Points to Consider to Buy the Best Life Insurance Policy

Don't Buy Your Life Insurance Before Reading This: Check Key Points to Consider while Buying Best Life Insurance Policy

Click Here to Connect with Expert for Insurance related Query

Many people in India still rely on their local insurance agent, neighbours, friends, and family to help them choose the finest life insurance plan or firm. Purchasing a life insurance policy from a reputable insurance company comes down to receiving the correct coverage at the right price.

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Got Money from a Life Insurance Policy or ULIP? Here's How It Is Taxed and Reported in Your ITR

Premium Above 20%? ITAT Denies Section 10(10D) Exemption on LIC Maturity; Holds Entire Amount Taxable

ULIP with Premium of more than Rs.2.5L to be treated as Equity-oriented Fund for Capital Gain Taxation [Budget 2025]

Technical Terms You Should Know Before Buying Life Insurance: Your Insurance Agent Doesn't want you to know this

Don't Buy Your Life Insurance Before Reading This: Check Key Points to Consider while Buying Best Life Insurance Policy

How to Choose the Best Insurance Company in India: Check Points to Consider While Selecting the Best Insurance Company