PDA

View Full Version : Insurance regulator to cap charges in ULIPs



IndiaInsurance
6th July 2009, 03:20 PM
Policyholders of unit-linked insurance plans (ULIPs) will soon see a higher amount of their premium being invested, with the Insurance Regulatory and Development Authority (IRDA) deciding to cap charges. The move comes close on the heels of Securities and Exchange Board of India abolishing the distribution commissions for mutual funds on June 18.

More... (http://in.biz.yahoo.com/090706/32/batubo.html)