Highest NAV guarantee plans are risky : IRDA chief

Unit-linked life insurance products that promise buyers returns based on highest net asset value (NAV) achieved during the tenure of the policy are “risky” and may mislead consumers, chief of the insurance watchdog said Thursday. The Insurance Regulatory and Development Authority (IRDA) may soon ask life insurance companies to discontinue such products, also commonly known as guaranteed NAV plans.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s