Regulators, stakeholders & consumers should together decide...

There used to be a time when the National Savings schemes, PPF and the post office schemes, apart from bank deposits, were the main avenues of investments for the future. Insurance was essentially sold more as a tax-saving instrument. The main trigger for buying insurance was essentially risk coverage (of death). Then came mutual funds to unleash the power of the market, followed by the hybrid Ulips. Some of the recent debates on the nature of Ulips and who should regulate such market-impacting instruments has seen a flurry of fiats by the regulators. As the industry matures, it is increasingly ...

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