Q. regarding keyman insurance - how is the assigment of policy, one year before maturity, tax free in the hands of the keyman? and what about fringe benefit tax implications for the company during the term?
Sankaran S:
A. now all the rules have changed and made taxable
more
http://qna.rediff.com/questions-and-answers/regarding-keyman-insurance---how-is-the-assigment-of-policy-/137966/answers/539147