No, it is not. It is like any other monthly pension that one may receive after his / her retirement (60 or after that) and it will be added to the Taxable Income and one has to pay tax accordingly.

Most insurance companies offer a Free Look Period of 15 Days. This is done to enable you to review the terms and conditions of the policy in detail. 15 Days start from the date of receipt of the policy is available to you for such a review. If you don’t like the terms and conditions of the policy, then you can cancel it and get the refund of premium paid. The insurance company will refund after adjusting the cost of pre-acceptance medical screening, if any, stamp duty charges, and pro-rata risk premium for the period covered, provided no claim has been made until such cancellation.

First of all, Aadhar is mandatory for filing Income Tax Return. If you have both PAN and Aadhaar cards but your income is below exemption limit of Rs 2.5 lakh or for other reasons you don’t have to file income tax, then still it is mandatory to link both PAN and Aadhaar cards.

Failure to do so will lead to deactivation or cancellation of your PAN Card. Currently, the last day for doing that is December 31st, 2017

Click here for Income Tax website to link PAN with your Aadhaar card

Answer: If your existing PAN card is in the dilapidated or damaged condition then you can get a new one. Simply Go to NSDL website and apply for reprint/duplicate. Just ensure the address you stay now and the address provided in PAN is same. If not, it can be updated as well by providing new address proof.

 

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