Investors cheer change in Ulip regulations

Unit-linked insurance plans (Ulips), an insurance-cum-investment product, has been hitting headlines because of the Sebi-Irda spat. However, the imbroglio has been resolved with the government issuing ordinance that insurance regulator Irda would regulate the product. This is a victory for the insurance regulator that has, time & again, been challenged on the regulation of Ulips. Fortunately for investors, it turned out to be a wake-up call to the insurance regulator, which has released the much awaited stiffer guidelines a week after the government ordinance was released. These guidelines will be effective from September 1, 2010. Irda has touched upon various ...

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