Page 84 - IC46 addendum

General Insurance Accounts (IC-46)

41. Reg 13(A) provides for Constitution of
Investment Committee and its Role,
which of them from below is
incorporated in the same :

a. While framing such policy the board shall
ensure compliance issues relating to liquidity,
prudential norms, exposure limits, stop loss
limits, security trading, management of
investment risks, management of assets
liabilities , scope of concurrent and internal
audit of investments and investment statistics
and all other internal control of investment
operations , the provisions of the insurance
act 1938 and IRDAI (Investments) Regulations
2000, guidelines and circulars in this regard.

b. Ensuring adequate return on policyholders
funds and shareholders funds consistent with
the protection , safety and liquidity of such
funds.

c. The funds of the insurer shall be invested and
continued to be investment in equity shares ,
equity related instruments and debt
instruments keeping in view the requirements
of the Insurance Act 1938 and IRDAI
(Investments) Regulations 2008.

d. In order to ensure proper internal control of

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