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This question belongs to Commerce Insurance

Insurance

?

State the correct statement

A) As per IRDA norms ULIPs are allowed but not Variable life plans B) Only variable plans are allowed but not ULIP policies as per IRDA norms C) Neither of the above plans is allowed in India D) Both plans are allowed by the IRDA in India. State the correct statement

Answer & Solution

Correct Answer: Option D

Both plans are allowed by the IRDA in India. As per IRDA norms ULIPs are allowed but not Variable life plans and Only variable plans are allowed but not ULIP policies as per IRDA norms.

Question posted by Examveda

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