4. All of these
Final accounts of Life Insurance Companies include Revenue account, Profit and loss account & Receipt and payment account.
Final Accounts of Life Insurance Companies contains:
- Revenue Account - It is prepared as per the provisions of IRDA regulations 2002 and compelling with Schedule A requirements.
- Profit Loss Account - It is prepared to calculate the overall profit of the life insurance business.
- Balance Sheet - It is prepared in vertical format in a Life Insurance Company.