Unit Linked Insurance Polices (ULIPS)

Unit linked guidelines were notified by IRDA on 21^{st December 2005. The main intent of the guidelines was to ensure that they lead to greater transparency and understanding of these products among the insured, especially since the investment risk is borne by the policyholder. It is the endeavor of IRDA to enable the buyer to make the most informed decision possible when planning for financial security.}