Current Affairs · Insurance Regulations
A policyholder has a Unit Linked Insurance Plan (ULIP) with a current Fund Value of 12,00,000 Rupees. The Sum Assured of the policy is 15,00,000 Rupees. The policyholder unfortunately passes away in the 7th policy year. As per the standard IRDAI 'Type I' ULIP structure, what is the total amount payable to the nominee?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 13,00,000 Rupees
- 227,00,000 Rupees
- 312,00,000 Rupees
- 415,00,000 Rupees✓
Correct answer
15,00,000 Rupees
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