Canara HSBC Life Insurance introduces Alpha Wealth; all you need to know

Canara HSBC Life Insurance has introduced “Alpha Wealth”, a program designed to empower individuals to reach ambitious life goals. This plan not only serves as a shield of life insurance but also ensures the fulfilment of promises and secures the future of their loved ones. The program provides extensive features to guarantee financial security for …

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How do I report LIC payouts in my ITR?

I purchased LIC’s Bima Bachat Plan 175 on 9 December 2013 after paying a single premium of ₹100,155. The term of the plan was nine years and the sum assured ₹1.5 lakh. As payouts, I got ₹22,500 in 2016 and ₹22,500 in 2019. The maturity proceeds of ₹1,13,580 was given on 9 December 2022. It …

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