Question

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

a.

30% of the surrender value

b.

40% of the surrender value in products with equity over 60%

c.

50% of the surrender value in products with debt over 60%

d.

60% of the surrender value

Posted under IC 14 Regulations of Insurance Business

Answer: (b).40% of the surrender value in products with equity over 60% Explanation:The maximum loan amount that can be sanctioned under any ULIP policy is 40% of the surrender value in products where equity accounts for more than 60% of the total share.

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