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Keyman insurance policy

This query is : Resolved 
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(Querist)
12 June 2014 An Individual has received a sum as Keyman Insurance Maturity Proceeds and is received directly in bank account from LIC Company.Is this proceeds taxable in the hands of Assessee?
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Guest (Expert)
12 June 2014 Insurance claim is not taxable................. but stil want to confirm this from other experts as well.. as m not 100 % sure about this

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