Ulip redemption pressure to mount

The surging Sen*** in last three months after plunging below 8,000 last year may not be an entirely positive experience for life insurers, who depend for growth of their business upon the sale of unit-linked insurance plans (Ulip) that is a life insurance solution, providing benefits of risk protection and flexibility in investment. What single outs Ulip is the fact that the three-year lock-in period that insurance regulator Irda had put in place for redemption in 2006 comes to an end this June. Policyholders who had bought a Ulip product three years ago can now exit and the recent stock ...

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