https://www.taxtmi.com/caselaws?id=71768 A sum payable under a deceased insured's personal accident benefit policy, receivable only on death and not during lifetime, is treated as property included in the estate for duty purposes but as a separate estate for aggregation under section 34(3) of the Estate Duty Act. Because the deceased had no enforceable lifetime right or interest in the policy proceeds, the amount could not be clubbed with the other assets of the deceased for computing the dutiable estate. The principle applied is that death-linked policy money, where no lifetime interest exists, must be assessed separately as an estate by itself. en-us Sat, 17 Sep 1983 00:00:00 +0530 Tue, 26 Apr 2011 18:46:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71768 A sum payable under a deceased insured's personal accident benefit policy, receivable only on death and not during lifetime, is treated as property included in the estate for duty purposes but as a separate estate for aggregation under section 34(3) of the Estate Duty Act. Because the deceased had no enforceable lifetime right or interest in the policy proceeds, the amount could not be clubbed with the other assets of the deceased for computing the dutiable estate. The principle applied is that death-linked policy money, where no lifetime interest exists, must be assessed separately as an estate by itself. Case-Laws Income Tax Sat, 17 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71768