Important Points for IC 26 - Life Insurance Finance Exam
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To document the basis of investment decision and to bring about uniformity and transparency of investment decision every insurer shall draw up annually an investment policy.
IRDA has mandated that the insurer shall clearly segregate the functions and operations of front, mid and back office.
As per the explanation for Section 27A of Insurance Act, Authority has determined that assets relating to pension business, annuity business and all categories of unit linked business shall not form part of controlled fund.
As per IRDA guidelines for provisioning for loans for sub-standard assets a general provision of 10% of total value outstanding remaining sub-standard is required to be made.
As per IRDA investment guidelines insurers are required to invest not less than 15% of their investible funds in housing and infrastructure.
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