04/05/2010
Irda issues stringent guidelines for Ulips
Taking extra caution, insurance regulator, Insurance Regulatory & Development Authority (Irda) based upon the insurance related data as of year ending March 31,2010 and related discussions, has issued clarifications on guidelines on unit linked products (Ulips).All life insurers are advised that only the Ulips which conform to these revised guidelines shall be permitted to offer sale from July 1, said circular issued all CEOs of the life insurance companies on Monday.
Source : https://www.financialexpress.com/news/Irda-issues-stringent-guidelines-for-Ulips/614522/
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IRDA issues stringent guidelines for Ulips
Replies (1)
Setting aside the ‘bad insurance policy’ is a good investment policy
What is a Bad Insurance Policy?
Did your last insurance policy assure you only insecurity after you bought it? Do you feel that the insurance policy which you have just taken does not serve your purpose? Or, is it that the policy does not give all that your advisor promised you it would, while selling the policy? If this is so, then you need not despair, help is at hand. The fine print in insurance policy documents can be devastating at times for some policyholders, but recourse to such problems is now available.
Regards
Ramalingam K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners
“Best Performing Financial Advisor Award” Winners from CNBC TV18
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