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.
http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/highest-net-asset-value-cover-plans-are-risky-irda-chief/articleshow/9993131.cms
