Money Tip: Have ULIP? Before signing up for settlement, this is what you should know for sure
Insurance Regulatory and Development Authority of India (IRDAI) has allowed life insurance companies to offer settlement options to policyholders whose ULIPS are maturing up to 31 May 2020. It is important to know these important points before you opt for a settlement
Settlement option under ULIP is exercised by the policyholder of a unit linked life insurance policy to receive the maturity proceeds in installments. Source: Reuters