September 7, 2010
Living a new life for life insurance
Things have changed; wind is blowing in an entire new direction. After a huge disagreement between SEBI and IRDA over the regulation of ULIPs, IRDA came up with new guidelines for ULIPs and these new guidelines have completely change the way business of ULIPs is conducted in the country. Insurance regulatory and development authority of India has redesigned Unit Linked Insurance Product as long term protection plans instead of it earlier position of investment products. It has reduced its cost and changed the commission structure.
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