Incometax on maturity of jeevandhara policy of lici.

mohan (ACCOUNT) (28 Points)

11 September 2011  
What is the status of maturity proceed of Jeevandhara,policy of LIC Of India.I have purchased it in year 2001,through single premium mode,now I have received almost 3 times of my investment.Whether it is taxable of taxfree? If taxfree, under which sec.of IT act,I will get the benefit.please guide.