I have purchased LIC Jeevan Tarang policy by Single premium payment. I was under impression that the maturity proceedings are exempt from tax like other insurance polocies. But I came to know by one newspaper article that matuirty proceedinds of single premium policies are not expemt from tax. For Jeevan Tarang, the maturity benefits are paid annualy based on the accumulations & not as lumpsum like other policies. In that how this will be

treated as per the tax rules ?

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