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Insurance

Should my income tax returns reflect the survival benefits of Rs 30,000 from my LIC policy?

All the same, your income tax returns should still reflect the amount that you have recieved as "income from other sources", as also the exemption that you have claimed under Section 10 (10D). This way you will be informing your assessing officer of the source of your tax-free reciept.

Does ICICI Pru’s pension plan guarantee pension payments?
Pension plans are always long-term policies. Though all insurers make adequate provisions to meet their future obligations, there is no guarantee that they can do so.

The capacity to make future payments depends on the financial health of the insurer at the time the payment is made. Hence, ICICI Pru’s pension plan does not guarantee payments.

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