IND-AS applicability on Insurance companies

yasaswi gomes (My grammar is 💯 good I)     20 March 2021

Yes and insurance contracts standard. There are some standards which allow limited treatment like repurchase agreements like forward or call option, but, not insurance contracts within the scope of Ind AS 104, Insurance Contracts. Similarly, go though financial instruments Indas 2.1.E. Another example, employers’ rights and obligations under employee benefit plans, to which Ind AS 19 Employee Benefits applies. On the whole statements are from Indas 1. So go through SCOPE carefully.