What is the purpose of including the Insurance Act, 1938 in the Ninth Schedule?
The purpose of including sections 52A to 52G of the Insurance Act, 1938 in the Ninth Schedule is to protect these provisions from judicial review. These sections, inserted by the Insurance (Amendment) Act, 1950, provide for the compulsory deposit of a portion of life insurance business surplus with the Central Government. By being listed in the Ninth Schedule, these provisions can be implemented without facing legal challenges on the grounds of violation of fundamental rights.