Section 27(1)(b) in The Insurance Act, 1938

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Union of India - Subsection

Section 27(1)(b) in The Insurance Act, 1938

(b)the amount required to meet the liability on policies of life insurance maturing for payment in India, less--

(i)the amount of premiums which have fallen due to the insurer on such policies but have not been paid and the days of grace for payment of which have not expired, and

(ii)any amount due to the insurer for loans granted on and within the surrender values of policies of life insurance maturing for payment in India issued by him or by an insurer whose business he has acquired and in respect of which he has assumed liability in the following manner, namely:--

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Union of India - Subsection

Section 27(1)(b) in The Insurance Act, 1938