Question

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

a.

Only on policy anniversaries

b.

Only when a transaction takes place

c.

On every policy anniversary and when a transaction takes place

d.

Only during the maturity of the policy

Answer: (c).On every policy anniversary and when a transaction takes place Explanation:Unit statements shall be issued on every policy anniversary and also as and when a transaction takes place, as per para 14 of Part I of the circular issued by IRDA.

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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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