CEILINGS ON INVESTMENTS :
(a) in one Banking Company or Investment Company [Section 27A(3)]
An insurance company cannot out of the Controlled fund invest or keep invested in the shares of any one banking company or investment company, an amount exceeding 11/4% of the amount specified in Section 27 (or) 2% of the subscribed share capital and debentures of the Banking company or investment company concerned, whichever is less
(b) in any Company other than Banking Company or Investment Company [Section 27A(4)]
An insurance company cannot out of the controlled fund invest or keep invested in the shares of any one company other than banking or investment company, an maount exceeding 21/4% of the amount specified in Section 27 (or) 10% of the subscribed share capital and debentures of the Company.
(c) in Fixed Deposits or Current deposits of Banks or Co-operative Societies
Not more than 3% of the Controlled funds is allowed to be deposited in the Fixed or Current deposits with any one Banking company or any one Co-operative Society registered under the Co-operative Societies Act, 1912