Q. How often is the shadow policy account value maintained?

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Q. What does the shadow policy account value computation involve?

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Q. What is the purpose of maintaining the policy account value?

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Q. What is the minimum death benefit requirement for non-linked individual life insurance products?

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Q. What is the minimum death benefit requirement for other than single premium products?

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Q. When is the provision for minimum sum assured on death not applicable?

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Q. How is the minimum sum assured calculated for linked insurance products?

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Q. How is the policy term (T) determined for whole life products?

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Q. What is the minimum policy term stipulated by regulations for individual products?

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Q. What is the minimum premium payment term for individual products, except for single premium payment products?

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Q. What is the maximum commission or remuneration for brokers during the first year for policies with a premium paying term of 12 and above during the first ten years of a life insurer's business?

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Q. What is the maximum commission or remuneration for brokers in the subsequent years for all premium paying terms during the first ten years of a life insurer's business?

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Q. What is the maximum commission or remuneration for pension products in case of single premium payment?

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Q. What is the maximum commission or remuneration for pension products in case of other than single premium payment?

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Q. What is the maximum commission or remuneration for fund-based group products with respect to all premium payment modes, except direct marketing, during the first year?

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Q. In which scenario is no commission payable?

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Q. What is the higher surrender value considered in most cases, according to the regulation?

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Q. When does a policy acquire a guaranteed surrender value for products with a Premium Paying Term (PPT) of 10 years or more?

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Q. Which products acquire a guaranteed surrender value after at least two consecutive years of premium payment?

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Q. Which products are exceptions to acquiring a guaranteed surrender value and special surrender value?

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