tax treatment for insurance claim received from insurance co.?

MY FRIEND IS AN EMPLOYEE OF FOOD CORPORATION OF INDIA , NAGPUR . AN AMOUNT OF RS. 191000/- WAS DIRECTLY PAID BY FCI TO THE HOSPITAL FOR HIS HEART TREATMENT RECENTLY.
BUT, AS HE WAS COVERED FOR AN AMOUNT OF RS. 200000/- TOWARDS A CRITICAL ILLNESS FROM BAJAJ ALLIANZ LIFE INSURANCE CO. , HE RECEIVED THE CLAIM AMOUNT SUBSEQUENTLY.
I WOULD LIKE TO KNOW THE TAX TREATMENT TO BE GIVEN FOR THIS CLAIM PROCEEDS FROM THE INSURANCE COMPANY. SOME OF MY FREINDS OPINED THAT THIS PROCEEDS WOULD NOT BE TERMED AS INCOME OF THE ASSESE

I informed bank to change of adress but they didnt. I lost my money bcoz not received lnformation .what to do?

my F.D.R.was matured . due to some family reasons I was shifted to other town and was not renewed the FDR meanwhile I informed bank about cahange of adress.according to bank my money transfered in investors education fund and they say they informed on my old adress.when I asked why so / no one is ready to answer. every one say contact this and that .

Can discrepent documents corrected and presented again after negotiated documents is received by issuing bank?

I am a negotiating banker. I received a discrepent document and sent the same to the issuing bank on collection as the documents are discrepent. Now my client has rectified the discrepencies and
is presenting another set of documents complete in all respects without any discrepencies within the last date for negotiation even though the earlier set of documents were already received by the issuing bank and is yet to point out any discrepency.
Can I negotiate this second set?