Question

When is the Partial withdrawal charge levied?

a.

At the beginning of each policy month

b.

At the time of part withdrawal of the fund during the contract period

c.

At the time of policy issuance

d.

At the time of policy surrender

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).At the time of part withdrawal of the fund during the contract period Explanation:The Partial withdrawal charge is levied on the unit fund at the time of part withdrawal of the fund during the contract period in unit linked products.

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Q. When is the Partial withdrawal charge levied?
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