Taxability regarding maturity of a single premium policy

Krishna (articleship) (34 Points)

04 June 2016  
Dear Sir, I have taken Single premium policy amounting 2,00,000 from SBI (Plan SBI LIFE Smart Elite Plan Platinum Cover) in 2011 it has matured on Jan 2016 and i have received 2,60,194 on which SBI has deducted 2% TDS (Rs 5204) , Now I need clarification regarding its taxability on maturity amount So, please help me in this regard