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 2] [Section 113] [Entire Act] Union of India - Subsection Section 113(2) in The Insurance Act, 1938 (2)Every policy of life insurance shall contain the formula as approved by the Authority for calculation of guaranteed surrender value of the policy.