The government has made a big announcement in the budget regarding investment in life insurance. If the annual premium of life insurance policy is Rs 5 lakh, then the government will charge tax on the amount received on maturity.
The government has made a big announcement in the budget regarding investment in life insurance. If the annual premium of life insurance policy is Rs 5 lakh, then the government will charge tax on the amount received on maturity. However, this condition will apply to that life insurance policy.
- Advertisement -
Which will be bought on or after 1st April. This condition will not apply to an already running policy. There has been no change in the terms of the claim.
- Advertisement -
