Lic’s New Bima GOLD is a special plan where premiums paid over the term of plan are paid back during the policy term in installments and life insurance cover is available not only during the term but also during the extended term of the plan.

January 10, 2011

Adding another chapter in Indian Life Insurance Industry

With the recent changes in ULIP guidelines, Insurance Regulatory and Development Authority has suddenly put a break to the wild sale of ULIPs by life insurance companies and added a new chapter in the Life Insurance Industry history. Ever since of ULIPs were introduced in Indian market, they were the favorite of the companies and companies were only focusing upon them. They were launching most of the new products in ULIP category. This was mainly because of the high margin in ULIP business. Now as the guidelines have changed, those margins have shrunk and life insurance companies are being forced to relook their product portfolios.

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