Which of the new guidelines for traditional products is not true?

Which of the new guidelines for traditional products is not true? Correct Answer Such a bonus is called Terminal Bonus

For participating policies, bonus is linked to performance of the fund. Bonus once announced becomes a guarantee. Such a bonus is called Simple Reversionary Bonus.

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Which among the following is a limitation of traditional life insurance products?
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In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines