Life Insurance Corporation of India (LIC) is one of the oldest and largest life insurance providers in India. With a range of life insurance products, it caters to the insurance needs of a wider section (including urban and rural) of Indian society. However, LIC of India does not provide commercial insurance policies that protect businesses […]
LIC Jeevan Shanti
Is the annuity amount in Jeevan Shanti policy taxable?
If you have purchased or are looking to purchase LIC Jeevan Shanti policy, this post is for you. It answers questions about taxation related to this policy. What is the Jeevan Shanti policy? LIC new Jeevan Shanti plan is a pension plan that offers annuities. The policyholder can either buy an immediate annuity with the […]