Question

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

a.

To increase insurer profits

b.

To simplify operational procedures for insurers

c.

To enable policyholders to verify prices allocated or redeemed

d.

To discourage policyholders from making transactions

Posted under IC 14 Regulations of Insurance Business

Answer: (c).To enable policyholders to verify prices allocated or redeemed Explanation:Uniform cut-off timings for allocation and redemptions in ULIPs enable policyholders to verify the prices allocated or redeemed.

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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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