Question

Where data for the performance of a fund of the ULIP is not available for at least one calendar year, past performance _________________.

a.

Of the fund must not be shown.

b.

Of the fund must be shown since inception.

c.

For one calendar year of the benchmark index must be shown.

d.

Of similar funds must be shown.

Answer: (a).Of the fund must not be shown. Explanation:According to IRDA guidelines, if ULIP fund performance data is unavailable for at least one calendar year, past performance of the fund should not be displayed.

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Q. Where data for the performance of a fund of the ULIP is not available for at least one calendar year, past performance _________________.

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