Management of Investment

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...., under unit linked insurance business, commonly known as Unit Linked Insurance Plan (ULIP) scheme. Explanation.-- For the purposes of this sub-clause,-- (i) management of segregated fund of unit linked insurance business by the insurer shall be deemed to be the service provided by the insurer to the policy holder in relation to management of investment under unit linked insurance business; (ii....

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....ted - 26.02.2010 [Changes proposed in service tax law and procedure in Union Budget 2010-11 - regarding] **************** Notes: Clauses (ii) and (iii) of Explanation to section 65(105)(zzzzf) substituted vide Finance Act, 2010, before substitution these were read as, "(ii) the gross amount charged by the insurer from the policy holder for the said services provided or to be provided shall be ....