Section 5(f) in Insurance Regulatory and Development Authority of India (Unit Linked Insurance Products) Regulations, 2019
(f)At no time the death benefit under a life insurance product or a benefit assured under a pension product on death or a health related benefit under a health insurance product shall be less than 105 percent of the total premiums received upto the date of death under the base benefit including top-ups premium paid and may exclude partial withdrawals made during two-year period immediately preceding the death of the life assured.
