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Thread: Taxable or non taxable - Money Back policies?

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  1. 05-11-2011 #1
    >take
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    Quote Originally Posted by anurag View Post
    On maturity of normal Life Insurance Policy the sum assured is not taxable. What in case of money back policies when the return starts coming in do they become taxable?
    Other than pension plans all life insurance proceed are exempted from Income Tax.
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  2. 21-11-2011 #2
    victoriaB
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    Yes. life insurance are exempted from Tax.
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