Is Mediclaim Insurance Proceeds taxable?

[BlackPearl]

If anybody receives mediclaim insurance proceeds is the proceeds taxable or not taxable or exempt from tax? If it is exempt under which section of the Income tax act 1961?

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[CA_Amit]

Mediclaim is the reimbursement of expenses. & reimbursement of expenses are not taxable under Income Tax Act.

[Taxman]

Mediclaim is reimbursement of expenses incurred and hence not taxable.