Taxability on amount recived under critical illness cover

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Paras (Querist)
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27 November 2008 Would the sum received under critical illness policy (health policy) be taxable in the hands of the assessee?

CA.ViVeK M ACA (Expert)
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27 November 2008 If thededctuin is allowed under chapter VIA, then it would be taxable other wise not taxable.

Vivek Banginwar (Expert)
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27 November 2008 exemption u/s. 80 DDB is allowed a deduction of Rs. 50000/-

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