Question

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

a.

It restricts insurers from investing in any marketable assets

b.

It mandates insurers to invest in approved categories of investments only

c.

It allows insurers to invest up to 50% of the fund in other than approved categories

d.

It prohibits investments in marketable assets for unit-linked policies

Posted under IC 14 Regulations of Insurance Business

Answer: (b).It mandates insurers to invest in approved categories of investments only Explanation:Regulation 3 (3) of IRDA (Investment) Regulations, 2000 states that insurers shall invest and at all times keep invested the segregated fund of unit-linked life insurance business as per the approved pattern of investment offered to and approved by the policyholders.

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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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