Section 27 of IA : Section 27: Investment Of Assets

IA

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Explanation using Example

Imagine a life insurance company, "SecureLife," operating in India. According to Section 27 of the Insurance Act, 1938, SecureLife must invest and maintain a certain amount of its assets to ensure that it can meet its obligations to policyholders.

For example, SecureLife has a total liability of ₹100 crore to policyholders for matured claims and policies maturing this year. They must invest at least ₹50 crore (50% of the liability) in government securities or other approved securities. The remaini...

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Explanation using Example

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