SEBI, IRDA working to resolve ULIP issue

Capital market regulator SEBI said it was working together with the insurance watch dog to expeditiously find a legally binding resolution to who controls unit linked products and there are no restrictions on investment in existing schemes. We want to do it (move appropriate court) quickly, SEBI Chairman CB Bhave said on the sidelines of a CII Conference on Indian Financial Markets on when it would move the court for resolving the jurisdiction issue. He also told the foreign institutional investors apprehensive about the turf war between the two regulators that they can continue to invest in current ULIPs, which ...

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