Tag Archive

New Measures Taken by IRDA on ULIPs in India

By correspondent

Recently with SEBI comments, Insurance regulator IRDA came up with new measures on ULIPs which provide more benefits to the customers compared to previous measures. Some of these measures are Extending the minimum term of policy to five years from three years. Proposal of fixing the maximum limits of surrender charges Capping the first... »

Indian Capital Market and Insurance Regulator Disputes Are on Hold

By correspondent

The controversy between SEBI and IRDA on Unit Linked Insurance Products (ULIP) still is not resolved. SEBI is arguing that ULIP is a collective investment and ULIP should be regulated by the SEBI. IRDA is saying that it is an insurance product and it is approved under insurance act. IRDA questioned SEBI that why... »

IRDA Counters SEBI Ban

By correspondent

Insurance Regulatory and Development Authority (IRDA) told insurance companies to ignore the SEBI order and continue the business as usual. IRDA mentioned that insurance companies can continue the marketing and services of ULIPs according to Insurance Act 1938 regulations and also gave assurance to policy holders that ULIPs are safe and secure. Also said... »

SEBI Banned 14 Life Insurance Companies in India

By correspondent

SEBI is the regulator for the securities market (capital market) in India. It banned 14 life insurance companies for raising the funds through Unit Linked Insurance Policies (ULIP). ULIP is a life insurance policy which provides combination of insurance as well as investment. SEBI said that ULIP is a collective investment (as it is... »

Other tags