As per IRDA, which of the following non-traditional products are permitted to be sold?

April 15, 2024 by rawan239

returns than traditional whole life insurance policies. However, they also come with a higher risk of loss. Unit linked insurance plans are a type of life insurance policy that combines life insurance with investment features. The policyholder’s premiums are invested in a variety of assets, such as stocks, bonds, and mutual funds. The policyholder’s investment performance will affect the value of their policy.

Both variable insurance plans and unit linked insurance plans are considered to be non-traditional products because they offer more investment options than traditional whole life insurance policies.