Risk Manager
2345 Points
Joined April 2008
Any person planning to purchase any new such product, should Still wait for further steps...
Matter of debate,whther such products fall under regulatory of SEBI or IRDA..
SEBI has has put a ban due to non-compliance of Ins Comp to register with SEBI for selling such products.....
I think the matter will be sorted out shortly..Ins companies will definately do something,as such ban will directly affect their sales..
Fresh Update :
https://www.moneycontrol.com/news/business/sebi-irda-spat-fm-may-intervene-say-sources_451171.html