Unit-linked insurance policy exclusion
The express carve-out from the securities definition for any instrument providing a combined benefit-risk on life and investment, issued by an insurer under the Insurance Act, 1938.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Where this is taught
Free preparation for NISM Series XVI← All terms