Declaration of Bonus under Section 49 of the Insurance Act, 1938

1. 

   vikash
   

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   Joined: Jun '09
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   IRDA vide its recent circulars after examining the request of the insurance companies, has allowed the life insurers in the private sector to declare bonus to policyholders where the Life fund is in deficit for a further period of three years i.e., upto the tenth year of operations commencing from the year in which the life insurance business operations are started.

   Posted 2 years ago #

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