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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Q. What is a settlement option in the context of insurance policies?

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Q. For how long after the date of maturity can policyholders exercise the settlement option in ULIPs?

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Q. What is the objective of bringing uniformity to unit pricing in ULIPs?

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Q. How does the basic equity principle apply to unit transactions in ULIPs?

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Q. Why is it important to have uniform cut-off timings for allocation and redemptions in ULIPs?

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Q. How should insurers expedite the clearing of outstanding premium cheques received from policyholders?

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Q. Why is it important to have uniform nomenclature for charges in ULIPs?

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Q. What is the minimum guaranteed return offered on the maturity date for all ULIP pension/annuity products?

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Q. What option does the insured have regarding partial withdrawals in the accumulating phase of unit linked pension/annuity products?

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Q. What is the cap on overall charges levied by life insurance companies under ULIP plans for insurance contracts with a tenure of 10 years or less?

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Q. Which charges are exempted from calculating the net yield for ULIP plans?

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Q. Why were the limits on overall charges revisited in the year 2010?

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Q. What does Regulation 3 (1) of IRDA (Protection of Policyholders’ Interests) Regulations, 2002 require regarding riders attached to a life policy?

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