https://www.taxtmi.com/caselaws?id=58746 The surrender value of children's deferred life insurance policies was not includible in the deceased's estate because the daughters had become absolute owners on attaining majority, and the deceased's rights had ceased during his lifetime. Section 15 did not apply since no beneficial interest accrued on death and no annuity or other interest was provided in a manner attracting that provision. The premium payments made within two years before death were, however, correctly treated as gifts deemed to pass on death under section 9, so only those premiums were includible. en-us Fri, 27 Aug 1982 00:00:00 +0530 Tue, 21 Dec 2010 17:54:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58746 The surrender value of children's deferred life insurance policies was not includible in the deceased's estate because the daughters had become absolute owners on attaining majority, and the deceased's rights had ceased during his lifetime. Section 15 did not apply since no beneficial interest accrued on death and no annuity or other interest was provided in a manner attracting that provision. The premium payments made within two years before death were, however, correctly treated as gifts deemed to pass on death under section 9, so only those premiums were includible. Case-Laws Income Tax Fri, 27 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58746