Unlock Advanced Research with PRISMAI Integrated with over 4 crore judgments and laws — designed for legal practitioners, researchers, students and institutions - Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ... Upgrade to Premium Document Options Get in PDF Print it! [Cites 0, Cited by 5] [Section 113] [Entire Act] Union of India - Subsection Section 113(1) in The Insurance Act, 1938 (1)A policy of life insurance shall acquire surrender value as per the norms specified by the regulations.