Insurance Surrender Value After lock-in period is Taxable or not

not sufficient information. this article may help you decide better: https://www.adityabirlacapital.com/abc-of-money/know-about-tax-in-case-you-surrender-life-insurance-policy

Hi Nikhil

I surrendered insurance and the surrender funds came to my nre account. I held that ulip for more than 5 years. What is the tax liability in such case?

Do I need to pay tax or not?

If I don't have to pay tax then do I need to include in ITR filing?

Thanks

Maddan

Hi Nikhil

I surrendered insurance and the surrender funds came to my nre account. I held that ulip for more than 5 years. What is the tax liability in such case?

Do I need to pay tax or not?

If I don't have to pay tax then do I need to include in ITR filing?

Thanks

Maddan