Tuesday, July 27, 2010

Combined Insurance

Combined Insurance

Law to consent to insurers advertise ULIPs lacking SEBI okay

NEW DELHI: A law was introduced inside parliament to allow insurers to advertise unit-linked insurance diplomacy (ULIPs), lacking seeking the capital markets regulator's praise.

The Securities and Exchange Board of India (SEBI) and the insurance valve had safe and sound horns on who must standardize ULIPs, mutual back instruments with an added life cover, agreed the products combined insurance and funds.

The law want seek to formalise an earlier presidential announce which permitted such sales.