New Ulip norms could hit LIC Q3 premium mop-up

While the third quarter of the country s biggest insurance company, Life Insurance Corporation of India, is likely to see a dent in premium collection after the new guidelines for Ulips come into place from September 1, the insurance behemoth will find it difficult to meet first premium income target of Rs 54,000 crore for 2010-11. With the new guidelines of the Insurance Regulatory and Development Authority (Irda) in place, the Ulip basket has become small for insurance companies in India. LIC has introduced Pension Plus just a day ago. While customers will be able to choose from brand new products, ...

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