India, March 22 -- ATK

New Delhi [India], March 22: Life insurance is an essential financial tool that provides security while helping you plan for the family's future. The added advantage of buying a life insurance policy is the tax benefits it offers, making it a smart financial choice. But how does it impact your taxable income in India?

Let's take a closer look at how life insurance maturity benefits are treated under tax laws, when they are exempt from tax and the conditions under which they may be taxable. Knowing these details can help you plan better and leverage the benefits of your policy.

What is life insurance maturity?

Life insurance maturity refers to the point when your policy completes its term and the insurer pays out...