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Saturday, May 6, 2017

IRDA: Revival Option under discontinued Unit Linked Policies

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It has come to the notice of the Authority that few insurers are interpreting the captioned circular in a manner which would delay the release of fund value under discontinued unit linked products even when the policyholders have opted for complete withdrawal within the lock-in period or when no option is exercised.

May 06, 2017 at 08:15AM

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from Editor

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