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No, Life insurance is a type of insurance that pays out a sum of money to the beneficiaries after the death of the insured person. The proceeds from life insurance policies are not taxable in India. At the time of getting a death benefit under a life insurance policy, nominees are not supposed to pay any tax on this amount.
Also read to know more about Max Life Insurance: Premium Receipts, Surrender Value, Auto Pay
To check the fund value of your LIC (Life Insurance Corporation of India) life insurance policy online, follow these steps:
To download an Edelweiss Tokio life insurance policy statement, you typically need to follow the below steps.
To download a Canara HSBC OBC life insurance policy statement, you typically need to follow the below steps.
To download a Bharti AXA life insurance policy statement, you typically need to follow the below steps.
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