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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Q. What is the maximum reduction in yield for policies with an annualized premium paid for the 10th policy anniversary, as per the prescribed limits starting from the 5th policy anniversary?

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Q. According to the prescribed limits starting from the 5th policy anniversary, what is the maximum reduction in yield for policies with an annualized premium paid for the 15th policy anniversary and thereafter?

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Q. What is the net reduction in yield at maturity for policies with a term less than or equal to 10 years, according to the IRDA guidelines?

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Q. What is the maximum loan amount that can be sanctioned under any ULIP policy, where equity accounts for more than 60% of the total share, according to the IRDA guidelines?

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Q. What distinguishes a single premium ULIP policy from a regular premium ULIP policy?

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Q. How can the policyholder vary premiums and benefits over the lifetime in unit-linked contracts?

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Q. What is a key difference between traditional insurance plans and unit-linked plans?

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Q. What does the policyholder have the flexibility to do once the ULIP contract is issued?

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