I’m looking for FAQ on Unit Linked Insurance Polices (ULIPS) issued by Insurance Regulatory and Development Authority for that will you please help me?

I will get the FAQ on Unit Linked Insurance Polices (ULIPS) issued by Insurance Regulatory and Development Authority.

The Unit linked guidelines were notified by IRDA was to ensure that they lead to greater transparency and understanding of these products among the insured, especially since the investment risk is borne by the policyholder.

Here I’m telling you process to get the details easily

GO to the official site of Insurance Regulatory and Development Authority
Site page will open at top middle page
You can see section of FAQ
Click on that section a new page will open
There at middle page click the option of FAQs on Unit Linked Products
A new page will open which looks like this
There you can get the information easily

Insurance Regulatory and Development Authority FAQ



FAQ
1. What is a ULIP?
ULIP is an abbreviation for Unit Linked Insurance Policy. A ULIP is a life insurance policy which provides a combination of risk cover and investment. The dynamics of the capital market have a direct bearing on the performance of the ULIPs. REMEMBER THAT IN A UNIT LINKED POLICY, THE INVESTMENT RISK IS GENERALLY BORNE BY THE INVESTOR.

2. What is a Unit Fund?
The allocated (invested) portions of the premiums after deducting for all the charges and premium for risk cover under all policies in a particular fund as chosen by the policy holders are pooled together to form a Unit fund.

3. What is a Unit?
It is a component of the Fund in a Unit Linked Policy.

4. What Types of Funds do ULIP Offer?
Most insurers offer a wide range of funds to suit one’s investment objectives, risk profile and time horizons. Different funds have different risk profiles. The potential for returns also varies from fund to fund.

Address:-
Insurance Regulatory and Development Authority
3rd Floor, Parisrama Bhavan, Basheer Bagh HYDERABAD 500 004
Telangana State (INDIA )

Phone:-
(040) 23381100