I hv lic jeevandhara old policy table 096.Deferment period 22/21. What is the meaning of deferment period 22/21. My policy commencement date is 28/06/2000. Total how much premiums do i have to pay ?.The annuity start date is printed on policy document 01/07/2022 . Lic says annuity stsrt date is 01/08/2022 . What is correct ? Policy document or lic communication.
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Lic jeevandhara old
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Quick Summary
As printed on document i.e 01/07
Lic has offered a bonus on maturity in jeevendhara table 96 . Is thus bonus exempt from income tax . Annuity is not exempt but what about bonus ?
Bonus is exempt if premium amount is less than 10%/15%/20% of sum assured as the case may be .
Sir , its a monthly annuity policy so what is sum assured in this case ?
If it is monthly annuity then bonus is taxable.
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