Section 11(2)(A) in The Insurance Regulatory And Development Authority (Investment) Regulations, 2000
(A)All investments specified in section 27-B of the Act except -(i)clause (b) of sub-section (1) of section 27-A of the Act;(ii)immovable property situated in another country as stated in clause (n) of sub-section (1) of section 27-A of the Act;(iii)first mortgages on immovable property situated in another country as stated in clause (i) of sub-section (1) of section 27-B of the Act.