Life insurance maturity amount show or not in itr

Is the life insurance policy maturity amount shown anywhere in ITR 4 or not? if yes then where is it shown in ITR 4 ( u/s 44AD.
Replies (3)
Quick Summary
This discussion addresses whether the maturity amount of a life insurance policy needs to be declared in ITR 4. It clarifies that such exempted income should be reported in 'Schedule EI' under the 'Exempted item' section. The content also briefly touches upon keyman insurance as a business strategy to mitigate financial risks associated with losing critical employees.

Declare it in 'Schedule EI'       

Exempted item

Key Man Insurance

Do you need a keyman insurance policy for your company? To offset the financial impact of losing critical employees, such as top executives or people with specialised skills and experience, numerous insurance companies offer financial coverage to enterprises. By providing money for hiring, training, and business continuity, this kind of insurance assures that a company may overcome the difficulties of such a loss. The key man insurance that they provide is an essential business tactic created to shield organisations from financial losses brought on by the untimely loss of key personnel. It provides businesses with peace of mind, protects their financial stability, and enables them to confidently handle unforeseen crises.

 

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