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Maturity of Lic's Jeevan Aastha is taxable or not?

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(Querist)
28 January 2009 Sir
I want to whether the maturity amount of Lic's Jeevan Aastha is taxable or not. as in this policy sum assured is reduced to 2 times of premium after 2nd year and according to Sec10(10d) minimum sum assured is 5 times of premium.
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K V Subba Rao

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K V Subba Rao (Expert)
28 January 2009 Appears to be Taxable. Visit http://sify.com/finance/insurance/fullstory.php?id=14837719

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