effecting surrender
of the Policy:
If the Policy is surrendered Surrender Charge (as % of first
year ATP*)
In the 1st Policy year Surrender ... Policy year 40%
In the 3rd Policy year 30%
13
In the 4th Policy year 20%
In the 5th Policy year
rate of Rs.2,500/- p.a., in ULIP Policy No.920311034313
from February 1992 to June 1997 and that he received
maturity amount ... investment by the
Accused as contended by him in the said ULIP Policy.
29 [Spl.C.C.45/2007-J]
Ex.P.40 though indicates
respect of maturity proceeds of a Unit Linked Insurance Policy (ULIP)
under the head "Income from Other Sources".
2. Both the lower authorities ... which relates to treating the surrender
proceeds of Unit Linked Insurance Policy (ULIP) as income from other
sources in place of exempt capital receipt
addition of Rs.25,24,428/- on account of maturity of policy "ULIP Market
Plus-1". The assessee declared the maturity in return ... market plus policy as
mentioned on the redemption
letter.
ULIP Policy No. of market plus 905723380
policy
Premium paid Rs.20,00,000/- paid
addition of Rs.25,24,428/- on account of maturity of policy "ULIP Market
Plus-1". The assessee declared the maturity in return ... market plus policy as
mentioned on the redemption
letter.
ULIP Policy No. of market plus 905723380
policy
Premium paid Rs.20,00,000/- paid
pending before this Commission
12.
Shriram Life Insurance Company Ltd
Non-ULIP Policy - Own Life/Major
NP071300432858 ... pending before this Commission
13.
Shriram Life Insurance Company Ltd
Non-ULIP Policy - Own Life/Major
NP081300014107
pending before this Commission
12.
Shriram Life Insurance Company Ltd
Non-ULIP Policy - Own Life/Major
NP071300432858 ... pending before this Commission
13.
Shriram Life Insurance Company Ltd
Non-ULIP Policy - Own Life/Major
NP081300014107
pending before this Commission
12.
Shriram Life Insurance Company Ltd
Non-ULIP Policy - Own Life/Major
NP071300432858 ... pending before this Commission
13.
Shriram Life Insurance Company Ltd
Non-ULIP Policy - Own Life/Major
NP081300014107
pending before this Commission
12.
Shriram Life Insurance Company Ltd
Non-ULIP Policy - Own Life/Major
NP071300432858 ... pending before this Commission
13.
Shriram Life Insurance Company Ltd
Non-ULIP Policy - Own Life/Major
NP081300014107
pending before this Commission
12.
Shriram Life Insurance Company Ltd
Non-ULIP Policy - Own Life/Major
NP071300432858 ... pending before this Commission
13.
Shriram Life Insurance Company Ltd
Non-ULIP Policy - Own Life/Major
NP081300014107