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

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

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

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

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

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

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

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

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

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Q. Which regulatory authority governs ULIPs?

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

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

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

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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?

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Q. How are additional payments treated in regular premium / limited premium ULIPs for the purpose of insurance cover?

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Q. What is the minimum annual health cover requirement for regular premium contracts for individuals aged below 45 years, according to IRDA guidelines?

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Q. According to IRDA guidelines, what is the minimum guaranteed return for unit-linked pension/annuity products on the maturity date?

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Q. What option does the insured have at the time of vesting in unit-linked pension/annuity products, according to the IRDA guidelines?

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Q. What is the maximum percentage of the surrender value that can be commuted after the lock-in period in unit-linked pension/annuity products, as per the IRDA guidelines?

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Q. According to IRDA guidelines, what is the treatment of top-up premiums made during the currency of the contract, except for pension/annuity products?

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