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    <title>Exposure in Bonds and other debt instruments rated in accordance with Insurance Capital Standards</title>
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    <description>Exposure limits for an International Financial Service Centre Insurance Office investing in bonds, debt and deposits are determined by Insurance Capital Standards rating categories and apply to total investment assets. ICS-RC 1 permits 100 per cent exposure without a buffer; ICS-RC 2 and 3 permit 50 per cent exposure with a 10 per cent buffer; and ICS-RC 4 permits 20 per cent exposure without a buffer. Exposure in India, including IFSC, is permitted up to 100 per cent without a buffer.</description>
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      <description>Exposure limits for an International Financial Service Centre Insurance Office investing in bonds, debt and deposits are determined by Insurance Capital Standards rating categories and apply to total investment assets. ICS-RC 1 permits 100 per cent exposure without a buffer; ICS-RC 2 and 3 permit 50 per cent exposure with a 10 per cent buffer; and ICS-RC 4 permits 20 per cent exposure without a buffer. Exposure in India, including IFSC, is permitted up to 100 per cent without a buffer.</description>
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