This has reference to the Guidelines for Unit Linked Life Insurance Products CIRCULAR NO: 032/IRDA/Actl/Dec-2005 Dated: 21/12/05 and 010/IRDA/Actl/May-2006 Dated: 26/05/06 issued by the Authority. In this connection, the Authority has examined various representations received from the Life insurance companies and Life Insurance council. Clarifications on the above references are given in the enclosure (Annexure) for guidance. This circular will come into force with immediate effect, except item no: 7 which will come into effect from June 01, 2007.

(R.KANNAN)
Member (Actuary)

Encl: Annexure