Life insurance fund, The life insurance fund as defined in s. 10(2) is an absolute security of the life policy-holders and cannot be used in any manner. The words 'life insurance fund' have a definite meaning under the Insurance Act under s. 10(2), read with s. 11 and form D of the Insurance Act, Life Insurance Corporation of India v. Crown Life Insurance Co., AIR 1965 SC 1985 (1987): (1965) 3 SCR 474. [Life Insurance Corporation Act, 1956]
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