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FORM L-27-UNIT LINKED BUSINESS-3A UNIT LINKED LIFE INSURANCE BUSINESS NAME OF THE INSURER : TATA AIG Life Insurance Co. Ltd PERIODICITY OF SUBMISSION : QUARTERLY (in Lakhs) STATEMENT AS ON : 30TH
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Unit linked life insurance is a type of life insurance that allows policyholders to invest a portion of their premium payments into various investment funds. These funds offer different investment options, such as stocks, bonds, and mutual funds.
Individuals who have purchased unit linked life insurance policies are required to file their insurance claims.
To fill out unit linked life insurance, policyholders need to provide personal information, details of their investments, and beneficiaries. They also need to select the desired investment funds and allocate their premium payments accordingly.
The purpose of unit linked life insurance is to provide both life insurance coverage and investment opportunities to policyholders. It allows them to potentially grow their wealth while ensuring financial protection for their loved ones.
Policyholders need to report their personal information, investment allocations, premium payments, and beneficiary details on unit linked life insurance.
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