IndiaInsurance
24th June 2010, 12:11 PM
The chairman of the Securities and Exchange Board of India (SEBI), which contested the insurance regulator's supervision of unit-linked insurance plans (ULIPs) loaded with mutual fund content, on Wednesday called for a constructive way forward after the government last weekend pre-empted a court battle between the regulators with an ordinance that made the Insurance Regulatory and Development Authority (IRDA) the sole supervisor for ULIPs.
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