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          Life insurance business definition confirms annuities, disability benefits and unit linked policies are included as insurance. The Life Insurance Business covers contracts insuring human life, including assured payments on death or other human-life contingencies and premium-bearing terms dependent on human life. It explicitly includes disability and double or triple indemnity accident benefits when provided, annuities on human life, and superannuation allowances payable from dedicated relief and maintenance funds for particular professions or their dependants. Unit linked policies and similar instruments combining investment and insurance components issued by an insurer are included within this definition.
                            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                              Provisions expressly mentioned in the judgment/order text.

                                  Life insurance business definition confirms annuities, disability benefits and unit linked policies are included as insurance.

                                  The Life Insurance Business covers contracts insuring human life, including assured payments on death or other human-life contingencies and premium-bearing terms dependent on human life. It explicitly includes disability and double or triple indemnity accident benefits when provided, annuities on human life, and superannuation allowances payable from dedicated relief and maintenance funds for particular professions or their dependants. Unit linked policies and similar instruments combining investment and insurance components issued by an insurer are included within this definition.


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