April 10, 2010
Unit Linked Insurance Products (ULIPs) offered by different Insurance
Companies
In the context of the recent directions of the Securities and Exchange Board of
India (SEBI) to 14 insurance companies directing them not to issue any offer document,
advertisement, brochure soliciting money etc from investors, the IRDA deems it appropriate
to issue the following statement.
Policyholders of the Unit
Linked Insurance Products (ULIPs) offered by different insurance companies are assured
that these policies are safe and secure and the matters arising out of the recent
orders of the SEBI will be addressed expeditiously in the appropriate forum in accordance
with Law.
/sd.-
(J. Hari Narayan)
Chairman
Place : Hyderabad
Date : 10.04.2010
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