TDS ON LIC PREMIUM

It's an Exemption provided by the Income Tax Department.

LIC PAID TO INSURANCE CO.IS DEBITED TO CAPITAL A/C & IT IS NOT DEBITED TO P&L A/C IN MY OPNION THIS EXP.ARE INVESTMENT & PERSONAL NATURE SO TDS IS NOT DEDUCTED

Insurence company is a service sector company just like BSNL or AIrtel or electracity company. And individuals exempted from deductig TDS. so no question of TDS on insurence premium. 

I want to know why TDS is not being deducted on bank charges/bank processing fee.  I had hosted this query before but could not get the feedback.

Let me have your views.