Section 8: Principles adopted in distribution of profits.--- The general principles adopted in distribution of profits among policyholders, including statements on following points, shall be furnished
Insurance Regulatory and Development Authority of India (Actuarial Report and Abstract for Life Insurance business) Regulations,Central Regulations · 1938
(1) Whether the principles were determined by instruments constituting the insurer, or by its regulations or by-laws or how otherwise;
(2) The number of years premium to be paid, period to elapse and other conditions to be fulfilled before a bonus is allotted;
(3) Whether the bonus is allocated in respect of each year's premium paid, or in respect of each calendar year or year of assurance or how otherwise; and
(4) Whether the bonus vests immediately on allocation, or, if not, conditions of vesting.
Principles adopted in distribution of profits.--- The general principles adopted in distribution of profits among policyholders, including statements on following points, shall be furnished
Jurisdiction
Central
Status
In force as published by the source
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