Effective 1 April 2025, maturity proceeds from life insurance policies issued by insurers operating in an IFSC will be tax-exempt, provided that the premium does not exceed 10% of the sum assured in any policy year.
How will an NRI be taxed on maturity proceeds from an insurance plan
livemint.com - 26 Aug 2025 15:57
Effective 1 April 2025, maturity proceeds from life insurance policies issued by insurers operating in an IFSC will be tax-exempt, provided that the premium does not exceed 10% of the sum assured in any policy year.
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