Insurance Regulator, IRDA recently directed life insurers to offer the unit-linked insurance plans (ULIPs) at a low cost along with the higher life coverage and with a longer lock-in period to buyers. According to the industry players, except the customers,…
Tag: ULIPs India
New Measures Taken by IRDA on ULIPs in India
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…
Indian Capital Market and Insurance Regulator Disputes Are on Hold
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…
IRDA Counters SEBI Ban
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…
SEBI Banned 14 Life Insurance Companies in India
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…