Discontinued Policy Fund means the segregated fund of the insurer that is set aside and is constituted by the fund value of all discontinued policies determined in accordance with these regulations.

Discontinued Policy Fund means Insurer’s segregated fund that is set aside and is constituted by the fund value of all discontinued policies.

Discontinued Policy Fund means the segregated fund of the Company that is set aside and is constituted by the fund value of all discontinued policies, during lock-in period, determined in accordance with the prevailing regulations. The investment structure of the Discontinued Policy Fund is mentioned in the investment options section of this document.

Examples of Discontinued Policy Fund in a sentence

The Fund Management Charge for Discontinued Policy Fund shall be 0.50% p.a.
The excess income earned in the Discontinued Policy Fund over and above the Minimum Guaranteed Interest Rate will also be apportioned to the Discontinued Policy Fund in arriving at the proceeds of the discontinued policies and will not be apportioned to the shareholders of the Company.
The proceeds of a discontinued policy will be credited to the Discontinued Policy Fund.
The asset allocation for the Discontinued Policy Fund (SFIN: ULIF05201/10/13DiscontdPF101) shall be as per the prevailing regulatory requirements.
If the Policy is surrendered or is completely withdrawn before completion of the Lock-in Period, the Fund Value as on the date of receipt of valid surrender request or complete withdrawal will be transferred to the Discontinued Policy Fund subject to deduction of applicable Surrender/Discontinuance Charges as provided in Part E and the proceeds of the Discontinued Policy Fund at the end of the Lock-in Period will be payable to You.

More Definitions of Discontinued Policy Fund

Discontinued Policy Fund means the segregated fund of the Company that is set aside and is constituted by the Fund Value of all the discontinued policies as prescribed.

Discontinued Policy Fund. Means the fund of the Company that is set aside and is constituted by the Fund Value less Discontinuance Charges of all discontinued policies determined in accordance with Insurance Regulatory and Development Authority of India (Unit Linked Insurance Products) Regulations, 2019 as amended from time to time.

Discontinued Policy Fund means Our segregated fund which is constituted by the Fund Value if the Policy is discontinued during the Lock-In Period.

Discontinued Policy Fund means the segregated fund of the insurer that is set aside and is constituted by the fund value of all discontinued policies determined in accordance with these regulations.Provided that such discontinued policy fund shall be invested as per the pattern filed and approved by the Authority under the File and Use Procedure. Extracted from IRDA (Treatment of Discontinued Linked Insurance Polices) Regulation, 2010 dated 1st Jul 2010

Discontinued Policy Fund means the segregated fund of the Company that is set aside and is constituted by the fund value of all discontinued policies, during lock-in period, determined in accordance with the IRDAI (Unit Linked Insurance Products) Regulations, 2019.

Discontinued Policy Fund means the segregated fund of the insurer constituted by the fund value, as applicable, of all the linked insurance policies discontinued during lock-in period.

Discontinued Policy Fund means the segregated fund of the Insurer that is set aside and is constituted by the Fund Value, as applicable, of all the policies discontinued during lock-in period, determined in accordance with the extant regulations.