![]() No, in India, the proceeds from a life insurance policy are generally tax-free under Section 10(10D)** of the Income Tax Act, 1961.However proceeds from life insurance policy issued on or aſter 1st April 2023 shall be taxable as income from other sources if the cumulative annual premium payable by taxpayer for life insurance policies exceeds ₹ 5 lakhs. Step 3: Submit standard form and supporting documentsīranch Locater: Click Here to find nearest branch ![]() Step 3: Submit claim form and supporting documents Step 2: Collect all the required supporting documents Step 2: Collect all the required supporting claim documents Step 1: Download the form for the type of event and fill up the required information. ![]() How to Claim Life Insurance Policy Online? Death Claim This philosophy is most evident at times when our customers need us the most – when they need to make a claim. That is why, in everything we do at ABSLI, we first think of you. Trust and protection are the two building blocks of our relationships with our customers. ABSLI Pradhan Mantri Jeevan Jyoti Bima YojanaĪBSLI Group Bima Yojana Plan (Micro Insurance)
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