Section 12(a) in Insurance Regulatory and Development Authority of India (Unit Linked Insurance Products) Regulations, 2019
(a)Each insurer shall have discontinued policy funds, one for all pension products, one for all life insurance products and one for all health insurance products. Each of these funds shall comprise of all the discontinued policy funds of all the policies offered under the respective Unit Linked insurance products. Only fund management charges shall be applicable on such funds.
