ALL ULIP TO OFFER MINIMUM RETURN 6TH YEAR ONWARD-IRDA

Posted: 15 Aug 2010 07:56 PM PDT

The Insurance Regulatory & Development Authority (IRDA) has informed that recently they have issued the following circulars for the benefit of the customers:(1) IRDA Circular No. 102 dated 28th June, 2010 – This prescribes the minimum quantum of death and health coverage that a unit linked life insurance product must offer. All pension/deferred annuity products must offer a minimum guaranteed return as specified by the IRDA. The minimum guaranteed rate is 4.5% pa for...

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