SEBI-India
Market regulator Securities and Exchange Board of India (SEBI) barred the launch of new unit-linked insurance plans (ULIPs) by 14 life Insurance companies until they seek permission from the Insurance Regulatory and development authority (IRDA).
However, the order will not apply to existing ULIPs, SEBI said.
On April 10, SEBI had banned the 14 insurance companies from selling their Unit-linked Insurance products as these were in the nature of mutual funds and not insurance.
Market regulator Securities and Exchange Board of India (SEBI) barred the launch of new unit-linked insurance plans (ULIPs) by 14 life Insurance companies until they seek permission from the Insurance Regulatory and development authority (IRDA). However, the order will not apply to existing ULIPs, SEBI said. On April 10, SEBI had banned the 14 insurance companies from [...]
SEBI bars launch of new ULIP's – Life Insurance SEBI bars launch of new ULIP's – Life Insurance SEBI bars launch of new ULIP's – Life Insurance
0 comments:
Post a Comment