Sentences with phrase «linked policies the illustration»
For instance, in case of unit - linked policies the illustration is very elaborate and can put many financially literate individuals in a spot with details of IRR (internal rate of return) or the asset allocation followed by the fund in which the premium is invested.
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However, in case of unit - linked policies, the illustration format is standard and prescribed by the insurance regulator IRDA.
The Illustration copy contains basic policy details such as the Policy term, Frequency, Plan name and assumed returns on investment at various stages of the policy including the effect of charges (applicable only for Unit Linked polipolicy details such as the Policy term, Frequency, Plan name and assumed returns on investment at various stages of the policy including the effect of charges (applicable only for Unit Linked poliPolicy term, Frequency, Plan name and assumed returns on investment at various stages of the policy including the effect of charges (applicable only for Unit Linked polipolicy including the effect of charges (applicable only for Unit Linked policies).