Any fund set up by LIC or other insurer
Nature of Income
Conditions laid down for Tax Exemption u/s 10(23AAB)
The fund is set up after 1-8-1996 by LIC or other insurer for pension scheme to which contribution is made by any person to receive pension from such fund
The fund is approved by Controller of insurance or other authority established under Insurance Regulatory and Development Authority Act, 1999.