https://www.taxtmi.com/acts?id=55633 Regulation 4 establishes definitions governing life insurance business, including annualised and extra premiums, group and individual business, participating and non-participating policies, guarantees, options, riders, premium term and maturity date. Mathematical reserves cover provisions for life insurance liabilities and adverse valuation deviations, subject to stated exclusions. Sum at risk is the relevant benefit amount or present value of periodic benefits less mathematical reserves. Undefined expressions adopt meanings assigned under the Act and related laws, rules and regulations. en-us Mon, 21 Sep 2026 16:46:09 +0530 Mon, 21 Sep 2026 16:46:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55633 Regulation 4 establishes definitions governing life insurance business, including annualised and extra premiums, group and individual business, participating and non-participating policies, guarantees, options, riders, premium term and maturity date. Mathematical reserves cover provisions for life insurance liabilities and adverse valuation deviations, subject to stated exclusions. Sum at risk is the relevant benefit amount or present value of periodic benefits less mathematical reserves. Undefined expressions adopt meanings assigned under the Act and related laws, rules and regulations. Act-Rules Indian Laws Mon, 21 Sep 2026 16:46:09 +0530 https://www.taxtmi.com/acts?id=55633