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Insurance claim Taxation

This query is : Resolved 
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(Querist)
25 November 2022 The company provide insurance coverage for an employee. It covers following
- Death benefit
- Permanent disability
- Critical Illness

This insurance is in addition to health insurance where the insurance amount paid is as per actual spend

As per my understanding Death benefit received by nominee is tax free under section 10(10d).
But I am not very clear how is treatment for lump sum insurance amount received for Permanent disability or critical illness such as cancer.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 November 2022 It will also be tax exempt and treated as capital receipt, against physical disability.
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