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    <description>Investment by an International Financial Services Centre Insurance Office means deployment of funds in financial assets or infrastructure assets, subject to specified exclusions. Financial assets include fixed-income instruments, equities, debts, immovable property, policy loans, units of specified funds, hedging derivatives and money-market instruments. Investment excludes certain administrative or judicial asset releases, commercial claims, assets valued under the Asset Replication Approach, and specified government bonds. Infrastructure assets may be located in India or overseas and include recognised infrastructure sub-sectors, district heating, and specified financial and market-infrastructure institutions.</description>
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