DWQA User Profile pradeepdQuestions(2)Answers(0)Posts(0)CommentsSir,The answer to your query lies in your 2nd statement above."As I have stated that I purchased Lic Samridhi Plus on May 2011, here sum insured is Rs.1 lac 25 thousand on single premium i.e policy period 10 years"Since its a single premium policy, so you need to pay tax on the entire maturity proceedings.On Answer for MATURITY VALUE OF SINGLE PREMIUM LIC SAMRIDHI PLUSPlease read my comments above about 'low interest rates from SBI'On Answer for SBI Home LoanWell when you changed to MCLR regime in 2017 they would have set the spread at 0.65% because at that time MCLR was 8% and spread was 0.65%.Now when the reset happened, MCLR increased to 8.25% and with your spread its 8.9%.I am pretty sure your friend has a spread of 0.20% which is why he has 8.45% now.This was a very cunning trick played by SBI just after demonetization when they had to bring down the MCLR due to flush deposits. But to bump up the final rates, they set 0.65% as spread for new loans. All those who moved to MCLR at that time were always going to suffer due to high spread when rates increase which is exactly what is happening now.On SBI Home LoanCrop
