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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... »

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