Section 113 in The Insurance Act, 1938
113. Acquisition of surrender value by policy
(1) A policy of life insurance shall acquire surrender value ... norms specified by the regulations. (2) Every policy of life insurance shall contain the formula as approved by the Authority for calculation of guaranteed surrender
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Dvb Group Merchant Bank (Asia) Ltd vs M. V. Malaviya Twenty Three Imo No ... on
Dvb Group Merchant Bank (Asia) Ltd vs M. V. Malaviya Twenty Three Imo No ... on
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matter'; (iii) issuance of a writ declaring Section 113 of the
Insurance Act, 1938 as ultra vires the Constitution of India; (iv) issuance ... Section 113 of the Insurance Act is as under:
113. Acquisition of surrender values by policy - (1) A policy of life
insurance under which
