Section 10(1)(g) in The Unit Trust Of India (Transfer Of Undertaking And Repeal) Act, 2002
(g)formulating in relation to any unit scheme specified in Schedule I,-(i)savings and life insurance plan or plans under which a person may acquire an interest in units in association with or as the agent of, the Life Insurance Corporation of India or the Central Government, but not including the life insurance business;(ii)savings and insurance plan or plans under which a person may acquire an interest in units in association with, or as the agent of, the General Insurance Corporation but not including the general insurance business; or (iii) any other plan or plans, under which a person may acquire an interest in units;