Life insurers want tax relief for maturity proceeds to continue

[IndiaInsurance]

Life insurance companies want the current system of tax exemption for insurance maturity proceeds to be continued. The proposed Direct Taxes Code has suggested deduction of tax on the final payout, while exempting the policy premium at the time

More... (http://www.thehindubusinessline.com/2010/02/12/stories/2010021250630400.htm)