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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Q. How are the premiums payable on a rider policy treated?

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Q. What does allowing appropriation of the cost of riders by cancellation of the units ensure?

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Q. According to IRDA (Treatment of Discontinued Linked Insurance Policies) Regulations, 2010, what options do discontinued policyholders have?

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Q. What happens if a policyholder does not exercise any option upon receiving a notice from the insurer?

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Q. Why are insurers advised to obtain ratings for their respective unit linked funds?

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Q. What should retail investors be aware of regarding ratings of unit linked funds?

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Q. What does Premium Allocation Charge (PAC) refer to?

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Q. How is the Premium Allocation Charge (PAC) calculated?

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Q. What happens to the balance amount of premium after deducting the Premium Allocation Charge (PAC)?

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Q. What does Fund Management Charge (FMC) represent?

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Q. When is the Fund Management Charge (FMC) usually levied?

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Q. What does the Policy Administration Charge represent?

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Q. How is the Surrender Charge calculated?

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Q. What does the Switching Charge refer to?

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Q. What is the Mortality Charge?

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