Help needed on which ITR to be used when having insurance surrendered

Hi,

 

I have taken a policy from Bajaj Allianz in 2009 Mar and surrendered it in 2013 Feb. I have two questions:

1) Which ITR should I use ITR 1 or ITR 2?

2) Is this amount taxable?

 

Policy details: 

Name: BajajAllianz UnitGainPlus Gold

Term: 20 years

Premium: 25000

Amt. Received on surrender: ~75K

 

 

Thanks for the help,

Satya

Replies (3)

what ind of policy is it?

Dear Satya,

Greetings from Bajaj Allianz! We would like to help you out with your query. Kindly mail us your contact details at help.support @ bajajallianz.co.in and our representative will connect with you soon to provide you the necessary information. Please mention reference no. "ORM010108" when you write again.

Alternatively, you may also post your concern at https://support.bajajallianz.com/support/.

Regards,

Bajaj Allianz
Life Insurance

Dear Satya,

We have registered your query under reference number: 43728900. Please provide with your policy number and updated contact number so that we can assist you further.

Regards,

Bajaj Allianz

Life Insurance

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