IndiaInsurance
24th January 2010, 06:12 AM
The Insurance Regulatory & Development Authority of India (Irda) has expressed concern over the Sebi notice to life insurance companies on sale of unit-linked insurance plans (Ulips). Nowhere in the world are multiple regulators allowed to regulate the same financial products, Irda chairman J Hari Narayan told FE on Saturday. He, however, maintained he would have to examine the notice before making further comments. On Friday, Sebi issued notices to a host of life insurers, including ICICI Prudential, Max New York, Bajaj Allianz, Aviva and Aegon Religare Life Insurance, saying Ulips fall under the collective investment scheme category, which are ...
More... (http://in.biz.yahoo.com/100123/50/bauyfy.html)
More... (http://in.biz.yahoo.com/100123/50/bauyfy.html)