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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Q. How long is the lock-in period for ULIP plans according to the guidelines?

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Q. In which countries are the returns of a unit-linked policy tax-free if the policy duration is for at least a certain number of years?

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Q. What is meant by the minimum term period of a life insurance policy?

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Q. What is the purpose of guarantees on policy benefits in unit-linked plans?

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Q. How are policyholders charged for guaranteed benefits in unit-linked plans?

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Q. What is the duration of the lock-in period for all Unit Linked Products, including Top-Up premiums?

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Q. What is one of the liquidity features that add value to life policies, allowing policyholders to withdraw a portion of their funds?

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Q. Why is the imposition of a lock-in period relevant for top-up premiums in Unit Linked Policies?

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Q. What does the facility of top-up premiums allow for policyholders in Unit Linked Policies?

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Q. What is the maximum loan amount that can be sanctioned under any ULIP policy?

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Q. How should insurers distribute the overall charges in ULIPs during the lock-in period?

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