Question

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

a.

Partial withdrawals are allowed without any restrictions

b.

Partial withdrawals are allowed with a maximum limit of one-third of the accumulated fund value

c.

Partial withdrawals are allowed with a maximum limit of two-thirds of the accumulated fund value

d.

Partial withdrawals are not allowed

Posted under IC 14 Regulations of Insurance Business

Answer: (d).Partial withdrawals are not allowed Explanation:In the accumulating phase of unit linked pension/annuity products, no partial withdrawals are allowed.

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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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