Section 27A of IA : Section 27A: Further Provisions Regarding Investments

IA

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Explanation using Example

Imagine that ABC Life Insurance Co. is considering an investment strategy for its controlled fund, which consists of the premiums paid by policyholders. According to Section 27A of the Insurance Act, 1938, ABC Life Insurance must invest these funds primarily in approved investments as specified by regulations. For example, they might consider government securities or high-grade corporate bonds.

However, the board of directors at ABC Life Insurance sees an opportunity to invest in a promising tech startup. Since this i...

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