Page 67 - IC46 addendum

The Insurance Times

10. The rating of a debt instrument issued by

All India Financial Instruments recognised

as such by RBI shall be of AA or

equivalent rating. If not available and

Investment committee of the insurance

company is fully satisfied then for reasons

to be recorded in the Committee`s

minutes, the Investment Committee may

approve investments in instruments

carrying current rating of not less than -

a. A+ b. A-

c. B+ d. B-

e. C

11. Approved investments which are
downgraded below the minimum rating
prescribed should be automatically re-
classified under ___________ category
for purpose of pattern of investment -

a. Current Investments.
b. Other Investments.
c. Foreign Investments.
d. Declared Investments.
e. None of the above.

12. Investments in equity shares listed on a

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