Insurance Cover May Be Provided to Discontinued ULIPs

The country‚Äôs insurance regulator, Insurance Regulatory Development Authority of India (IRDAI), is considering to provide an insurance cover to those ULIP policy holders who discontinued their policy within the first 5 years. Presently, once the policy is discontinued, the insurance cover stops. As per the present norms, if the policy holder does not pay premiums regularly in the first five…

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