Quantum of Keyman insurance

Ramkumar H. Barchha (CEO) (64 Points)

17 January 2011  

Are there any circulars in Income tax which specifies the quantum of insurance which is permissible for a key man. Are there any restrictions for the payment of excess premium in ULIP plans which have this as an inherent feature. Decisions or income tax circulars to this effect are required?