Lic tax benefit

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SPE
24 Points Joined December 2014
I am sathishkumar from chennai
i have a insurance policy 178 Jeevan tarang for sum assured rs 50,00000/- (50Lakhs) maturity after 20 years my question is will my maturity amount (vested bonus) and yearly payment as survival benefit will it be taxed ? please clarify 
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On 26 December 2014 at 23:44 Report
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Investment advisor
139 Points Joined September 2014

Yr Yearly premium Payment is tax deductable U/s 80c of income tax act upto 1.5 Lakhs

maturity value is tax free.

no need to pay tax on 50L

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On 28 December 2014 at 20:59


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