Sebi v/s IRDA

No matter who regulates these financial instruments, the latest tussle has brought to fore the need to bring more transparency to the unit-linked products and make them more cost effective Unit-linked insurance plans (ulips), a favourite among the investor community and insurance industry, have since inception gathered wrath from the other financial sector players. Infamous for doling out fat commissions to agents for marketing and promoting these products, the mutual fund industry, particularly, was unhappy, especially after the recent abolition of entry load. Since ulips are heavily skewed on investment, low on insurance and are sold like an investment product, ...

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