Under this act, "Insurance Fund" means ……………

Question

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"Insurance Fund" typically refers to a fund specifically set aside for insurance purposes. In the context of various acts and regulations, it often relates to schemes designed to provide insurance coverage to employees or depositors. The Deposit Linked Insurance Scheme is one such program that aligns with the concept of an "Insurance Fund," as it is designed to provide insurance benefits linked to the deposits in the accounts of the members of the scheme. This makes it distinct from general group accident insurance, unit-linked plans, or medical insurance funds, which serve different purposes and are structured differently.

Under This Act, "Insurance Fund" Means ……………