Wednesday, April 8, 2020

IRDAI issues FAQs on Settlement options under Unit Linked life insurance plans

Taking into account the volatility of markets and to protect the interests of policyholders, the IRDAI has allowed Life Insurance companies to offer settlement options to policyholders whose Unit Linked life insurance policies are maturing upto May 31, 2020. In order to answer various questions that may arise in the minds of policyholders as well as general public, Frequently Asked Questions have been issued.

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