Important Points for IC 26 - Life Insurance Finance Exam

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  • Debt securities shall be considered as held to maturity securities and shall be measured at historical cost subject to amortization.
  • Loans shall be measured at historical cost subject to impairment provision.
  • Preparation of financial statements does not achieve its intended purpose unless appropriate and reasonable disclosures are made at the right place.
  • Insurers can lay down accounting policies in line with the Accounting Standard
  • No catastrophe reserves have been prescribed by the IRDA till now.

Life Insurance Finance

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