Release of insurance policies

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Full Text of the Document

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....th the discontinuance of estate duty in cases of deaths occurring on or after 16-3-1985, the Life Insurance Corporation Policies taken for the purpose of payment of estate duty may be reassigned in favour of policyholders. Though a number of policies have been thus reassigned, a large number are still pending for reassignment. The matter has been considered by the Board in consultation with the....