Q. What is the minimum number of members required for a group to be eligible for group insurance?

View solution

Q. What does ULIP stand for and what does it combine?

View solution

Q. What are the triple benefits that a ULIP offers to investors?

View solution

Q. How are the investment risks in ULIPs different from traditional insurance plans?

View solution

Q. How are ULIPs similar to mutual funds in terms of investment operations?

View solution

Q. What are the two major components of the premium on a ULIP?

View solution

Q. What was the debate in 2010 regarding the regulation of ULIPs, and who were the two regulators involved?

View solution

Q. What was the main issue in the dispute between SEBI and IRDA regarding ULIPs?

View solution

Q. What was the role of the government in resolving the dispute between SEBI and IRDA regarding ULIPs?

View solution

Q. What were the significant changes introduced by IRDA after the government intervention in 2010?

View solution

Q. What does a Unit represent in a Unit Linked Insurance Policy (ULIP)?

View solution

Q. What is the primary factor determining the returns from a Unit Linked Insurance Plan (ULIP)?

View solution

Q. What option does a policyholder have regarding investment in ULIP funds?

View solution

Q. What does the term "redirection" refer to in the context of ULIPs?

View solution

Q. What types of funds are typically offered under ULIP schemes by insurance companies?

View solution

Q. Which regulatory authority governs ULIPs?

View solution

Q. What is the revised lock-in period for all Unit Linked Products according to the IRDA guidelines effective from September 2010?

View solution

Q. How are overall charges distributed in ULIPs during the lock-in period, according to the IRDA guidelines?

View solution

Q. What is the minimum mortality cover requirement for unit-linked products, as per the IRDA guidelines?

View solution

Q. What is the minimum premium paying term for all limited premium unit-linked insurance products, other than single premium products, as per the guidelines?

View solution