[4. Minimum limits for annuities and other benefits secured by policies of life insurance. --The insurer shall pay or undertake to pay on any policy of life insurance or a group policy issued, a minimum annuity and other benefits as may be determined by regulations excluding any profit or bonus provided that this shall not prevent an insurer from converting any policy into a paid-up policy of any value or payment of surrender value of any amount.]
Section 4: Minimum limits for annuities and other benefits secured by policies of life insurance.
The Insurance Act, 1938Central Act · Act 4 of 1938
Where this provision sits
| Act | The Insurance Act, 1938 |
|---|---|
| Section | 4 |
| Marginal note | Minimum limits for annuities and other benefits secured by policies of life insurance. |
| Jurisdiction | Central |
| Status | In force as published by the source |
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
- substituted, Act 5 of 2015. . Subs. by Act 5 of 2015, s. 8, for section 4 (w.e.f. 26-12-2014).
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