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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Q. What information should an advertisement about Unit Linked products clearly distinguish?

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Q. What should an advertisement for Unit Linked Life Insurance products explicitly state regarding premiums and investment risks?

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Q. What is the essential ingredient of a life insurance product, according to the guidelines for product design?

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Q. What does the human life value element determine in the context of life insurance coverage?

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Q. How is the minimum sum assured linked to the term of the life policy and the age of the life assured?

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Q. What determines the policy term in the case of whole life plans according to the guidelines?

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Q. What is the purpose of ensuring a defined quantum of the sum assured in the case of single premium policies, according to the guidelines?

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Q. How is the sum assured related to the premium in unit-linked insurance plans, as per the guidelines?

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Q. What is the formula for calculating the minimum mortality cover in unit-linked products, as per the guidelines?

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Q. In the case of Whole Life Products, how is T (Policy Term) determined in the formula for calculating the minimum mortality cover?

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Q. What is the minimum annual health cover for Regular Premium (RP) contracts for individuals below 45 years of age?

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Q. What is the minimum annual health cover for Regular Premium (RP) contracts for individuals aged 45 years and above?

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Q. What must top-up premiums paid during the contract have, according to the guidelines?

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Q. When can the sum assured payable on death be reduced during the term of the policy, according to the guidelines?

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Q. What settlement options may be allowed after the expiry of the policy term, according to the guidelines?

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Q. What is the treatment of additional payments in regular premium/limited premium ULIPs, according to the guidelines?

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Q. What is the minimum policy term mandated by the IRDA Guidelines for every ULIP?

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