June 19, 2012 10:59 pm
What are Linked Premium and Non-Linked Premium in IRDA terms ? Can some one clarify them for me ? How is it related to Settlement ratio ?
thanks Ashal for clarifying my doubt
I came through these terms while going through IRDA annual report 2011-12 to understand insurance companies claim settlement ratio and other stuff.
Dear Shashank, yes now I can understand & it’s that traditional policies’ prem. ‘ll be notified as non linked prem. & ULIP Prem. ‘ll be classified as linked prem.
Dear Shashank, can you elaborate? I feel you are talking about Unit linked & non unit linked policies?
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