https://www.taxtmi.com/article/detailed?id=1028 IRDA guidelines for ULIPs standardize and spread commissions and initial charges across the lock in period, cap costs from the fifth year onward, require disclosure of advisor commission, permit policy loans and mandate a minimum guaranteed return feature for unit linked pension plans. The rules extend the lock in and limited premium payment term to five years, prohibit residuary payments during lock in, prescribe a nominal guaranteed return on fund value for lapsed policies during lock in, and increase minimum sum assured multiples to reinforce the insurance element. en-us Wed, 24 Nov 2010 18:03:23 +0530 Wed, 24 Nov 2010 22:43:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1028 IRDA guidelines for ULIPs standardize and spread commissions and initial charges across the lock in period, cap costs from the fifth year onward, require disclosure of advisor commission, permit policy loans and mandate a minimum guaranteed return feature for unit linked pension plans. The rules extend the lock in and limited premium payment term to five years, prohibit residuary payments during lock in, prescribe a nominal guaranteed return on fund value for lapsed policies during lock in, and increase minimum sum assured multiples to reinforce the insurance element. Articles Other Topics Wed, 24 Nov 2010 18:03:23 +0530 https://www.taxtmi.com/article/detailed?id=1028