Decoding the merits & demerits of universal life plans

[IndiaInsurance]

Soon after it came out with guidelines on unit-linked insurance plans (Ulips), Insurance Regulatory and Development Authority (Irda) made public its intention to put regulations in place for a relatively new category of products - universal life plans (ULPs). The regulator's move is said to have been prompted by some players building high commissions into these products.

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