Section 19(8) in The Unit Trust Of India Act, 1963
(8)formulating in relation to any unit scheme,-(a)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 or the Central Government, but not including the life insurance business;(b)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(c)any other plan or plans, under which a persons may acquire an interest in units;
