Is your Ulip fund value low? Irdai asks insurers to offer this option to policyholders

There is a bit of relief for investors who invest in unit-linked insurance plans (Ulips). IRDAI has asked life insurance companies to offer settlement option on unit-linked policies which are maturing up to May 31, 2020. This move is expected to help Ulip holders to not receive the fund value at a time when the stock markets, and therefore, the fund values are down. Those Ulip policyholders, whose Ulips are maturing before May 31, may choose to let the money remain invested and withdraw later as and when the market conditions improve.

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