Section 6(ii) in Insurance Regulatory and Development Authority of India (Non-Linked Insurance Products) Regulations, 2019
(ii)Under Group products, the benefits or interest rates, as applicable, may be accrued at the end or at the beginning of either every month or quarter or half-year or year as shall be explicitly defined or stated in the product filing procedure, with no discretion to the insurer, where year shall mean the financial year.
