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‘Investible Funds’ or ‘Investment Assets’ means investments made out of the following funds...

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....stment Assets' means investments made out of the following funds: (1) in case of IIO, transacting Life Insurance Business - (a) Shareholders' Funds, to the extent they represent Solvency Margin; (b) Policyholders' Funds in respect of: (i) Participating and Non-Participating Funds of Policyholders, (ii) Funds of Variable Insurance Products including One Year R....

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