Can you describe the lock-in period for ULIPs?
Lock-in period is described as the period in which you cannot make any withdrawals or liquidate the accumulated fund value. If you opt to discontinue the policy before the completion of its lock-in period, Future Generali shall transfer the fund value to a discontinued policy fund after deducting surrender charges. After that, you will be paid the accumulated fund value only once the lock-in period completes.