Q562
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
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
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.