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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Q. What is the minimum guaranteed surrender value for policies surrendered between the second and third year of the policy?

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Q. What is the minimum guaranteed surrender value for policies surrendered between the fourth and seventh year of the policy?

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Q. What is the minimum guaranteed surrender value for policies surrendered during the last two years if the policy term is less than 7 years?

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Q. What action is required for surrender values beyond the seventh year?

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Q. What is the minimum guaranteed surrender value for single premium policies surrendered within the third policy year?

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Q. What is the minimum guaranteed surrender value for single premium policies surrendered in the fourth policy year?

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Q. What action is required for surrender values beyond the fourth year for single premium policies?

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Q. How is the special surrender value determined for participating (par) policies?

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Q. What is the maximum surrender charge for fund-based group non-linked products if surrendered within the third renewal?

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Q. What charges may be levied by the insurer if a linked insurance policy is discontinued?

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Q. When can advance premium collection be allowed according to the regulations?

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Q. What is required for premium payments in level premium policies?

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Q. According to the regulations, how should the maturity benefits be indicated in product literature?

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Q. What does the asset share represent for life insurance policies?

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Q. What is considered an innovative product according to the regulations?

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Q. What is a key consideration for the innovativeness of a product design?

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Q. What should an insurer provide when discussing the product design concept of a proposed innovative product with the Authority?

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Q. What should an insurer consider regarding similar products available in other markets?

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