Pakistan Society of Actuaries

Unit Linked Products and Funds Rules, 2015

The Securities and Exchange Commission of Pakistan (SECP) issued the Unit Linked Products and Fund Rules in April 2015. The new rules address the investment governance process of unit-linked funds, net asset valuation methodology and disclosure of investment risk to insurance policyholders. Additionally, certain features of unit linked life insurance such as premium indexation, minimum financial protection and minimum policy term have been addressed. The link to the SECP is here.