Income tax on hdfc life unit linked endowment policy

Did you ask the insurer?

It should have guided you.

If you surrender your policy between 3-5 years (depending on the type I or II), then entire surrender value gets added to your income in the year of receipt (in this case, you can withdraw 99% of the fund value). If you terminate the contract of insurance , your 80C deductions claimed in the past years is taxed as Income from other sources.

I have held the policy for more than 5 years, more precisely 8 yrs.

but I paid only 3 premiums.

Is my surrender valu taxable in that case?

You have not replied to the points raised.

The insurer is under obligation to answer to you.

Thanks Shri.Kumar Doab. In fact, I have not asked my insurer. I shall do it.

But, I have a basic doubt.

In any investment, why should one pay income tax, if there isn't any appreciation in the investment. 

Shouldnt we pay only for the profit part from the investment? Then how the complete surrender valu becomes taxable? Even within 3 years. 

The investment is from money left with me after paying income tax. Simply because I invested it, I should not be taxed. Is my logic flawed?

The rules and laws that have been framed are for one and all.