Some say no. But there are strong reasons for thinking it does. You’ll find some of them discussed later in this article. Meanwhile, here are the basic teachings of the Vedic philosophy, the teachings given by the ancient wisdom literature of India.
According to the Vedic literature, the psychophysical entity with which we now identify ourselves is not our true self. The true self is neither the body nor the mind, nor a combination of both. The Vedic sages tell us that the body and mind are but gross and subtle coverings of the self.
Underlying these temporary coverings, the real self is a spark of spiritual consciousness, eternal and unchanging but temporarily misidentifying itself with matter in the form of the body and mind. And this real self, the Vedic sages tell us, survives the death of the body and lives on.