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LIC's Jeevan Akshay - VII

Section 37. Policies to be guaranteed by Central Government. -The sums assured by all policies issued by the Corporation including any bonuses declared in respect thereof and, subject to the provisions contained in section 14 the amounts assured by all policies issued by any insurer the liabilities under which harvested in the Corporation under this Act, and all bonuses declared in respect thereof, whether before orafter the appointed day, shall be guaranteed as to payment in cash by the Central Government - Section 37, LIC ACT 1956

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