Section 46 in Insurance Regulatory and Development Authority of India (Unit Linked Insurance Products) Regulations, 2019
46. Financial Viability of the Products.
- All the products once approved shall be reviewed by the Appointed Actuary at least once a year taking into account the reasonable expectation of all stakeholders including policyholders to ensure that they are financially viable. A confirmation in this respect shall be appended to the annual Actuarial Report and Abstract. If any product is found to be financially unviable, the Appointed Actuary shall revise that product as per the extant product filing procedure.
