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

Press Release

LIC launched MyLIC and Super Sales Saathi apps, which made it easier for customers and agents to manage policies, make payments, and access services in a faster, simpler, and paperless way.

LIC Launched MyLIC and Super Sales Saathi Apps to Facilitate Insurance Services in India

Articles

Explore top term insurance plans for women in India and ensure long-term financial protection for your loved ones.

Best Term Insurance Plans for Women in India

Once income is duly established through Income Tax Returns, no further proof is required, rules Court while correcting negligent computation by Tribunal.

ITR Is Sufficient Proof of Income: HC Enhances Motor Accident Compensation After ITR Was Ignored

News

A 90-year-old in Nagpur sold a Rs. 2 lakh insurance policy without full awareness, sparking social media debate on senior citizen protection and bank accountability.

Policy Without Awareness? Canara Bank Mis-Selling Insurance Sparks Debate on Senior Citizen Protection

The government has introduced stronger, digital-first Insurance Ombudsman Rules to ensure faster, fairer, and stricter action on policyholder complaints.

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

LIC Launched MyLIC and Super Sales Saathi Apps to Facilitate Insurance Services in India

Best Term Insurance Plans for Women in India

ITR Is Sufficient Proof of Income: HC Enhances Motor Accident Compensation After ITR Was Ignored

Policy Without Awareness? Canara Bank Mis-Selling Insurance Sparks Debate on Senior Citizen Protection

New Insurance Ombudsman Rules: Stronger Protection for Policyholders