https://www.taxtmi.com/acts?id=55596 IIOs must recognise premium income when due, defer unexpired direct acquisition costs, and determine life-policy liabilities through annual actuarial assessment supported by adequate assets. Real estate is measured at historical cost subject to periodic revaluation and impairment, while debt securities are held to maturity at amortised historical cost. Listed equity and actively traded derivatives are fair valued through the Fair Value Change Account; unlisted or inactive investments remain at historical cost subject to diminution provisions. Financial statements must also disclose contingent liabilities, actuarial assumptions, asset encumbrances, investment commitments and allocation bases. en-us Mon, 21 Sep 2026 14:08:19 +0530 Mon, 21 Sep 2026 14:08:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55596 IIOs must recognise premium income when due, defer unexpired direct acquisition costs, and determine life-policy liabilities through annual actuarial assessment supported by adequate assets. Real estate is measured at historical cost subject to periodic revaluation and impairment, while debt securities are held to maturity at amortised historical cost. Listed equity and actively traded derivatives are fair valued through the Fair Value Change Account; unlisted or inactive investments remain at historical cost subject to diminution provisions. Financial statements must also disclose contingent liabilities, actuarial assumptions, asset encumbrances, investment commitments and allocation bases. Act-Rules Indian Laws Mon, 21 Sep 2026 14:08:19 +0530 https://www.taxtmi.com/acts?id=55596