IndiaInsurance
30th August 2010, 05:50 PM
If at all, investors must thank the capital market regulator, Securities and Exchange Board of India (Sebi) for forcing the insurance watchdog to streamline Ulips, a product which hitherto was all about investment and less about life cover. While the Insurance Development and Regulatory Authority (Irda) did win the first round of battle with the government deciding through legislation that Ulips will fall under the purview of Irda and not of Sebi, it was the investor who won the larger war of non-transparency and non-disclosures. Absolute responsibility came with total control and to be fair, Irda lost no time in ...
More... (http://in.biz.yahoo.com/100330/137/bavbiv.html)
More... (http://in.biz.yahoo.com/100330/137/bavbiv.html)