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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Q. What option is available to the policyholder in a ULIP to safeguard the value of their funds in difficult times?

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Q. What is the definition of linked business according to IRDA (Registration of Indian Insurance Companies) Regulations, 2000?

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Q. What does Regulation 3 (3) of IRDA (Investment) Regulations, 2000 state about Unit Linked Life Insurance Business?

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Q. Besides specific regulations for unit-linked insurance, which regulation pertains to the treatment of discontinued linked insurance policies?

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Q. What are the minimum criteria expected of a ULIP product according to the circulars?

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Q. What is the requirement for life insurance companies regarding the training of agents and intermediaries selling ULIP products?

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Q. What should be included in the curriculum of the training for agents and intermediaries selling ULIP products?

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Q. What documentation should life insurance companies maintain to demonstrate an informed decision in deciding a particular product?

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Q. What is necessary regarding educating policyholders under the ULIP contracts?

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Q. What is required regarding the unit price rounding off in ULIP contracts?

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Q. What information should life insurers mention in sales brochures, prospectus, promotional material, and policy documents related to ULIP products?

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Q. What must be mentioned on the top of each document, including the proposal form, related to ULIP products?

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Q. What information must be provided to the policyholder related to investments, using the same font as an annual report?

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Q. According to para 14 of Part I of the circular issued by IRDA, when should unit statements be issued to policyholders?

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Q. What does para 14.3 of Part I of the circular issued by IRDA state regarding unit statements?

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Q. What should life insurance companies ensure when reporting past performance of funds in advertisements?

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Q. What must be included in advertisements regarding the past performance of funds, if applicable?

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