ULIP

  • End of turf war: IRDA will regulate ULIPs June 19, 2010

    New Delhi: The government on Saturday ended a twomonth long turf war between insurance regulator IRDA and capital market watchdog SEBI, saying Unit Linked Insurance Products (ULIPs) will be regulated by the IRDA. "Life insurance business shall include any ULIP or any such instruments. This would set at rest all the...
  • Know all about Unit Linked Insurance Policies May 29, 2010

    Insurance companies and agents are aggressively selling Unit Linked Insurance Policies (ULIPs). They are being touted as insurance cum investment option that every person should have. But what are ULIPs? Financial and insurance experts tell CNNIBN all about ULIPs. ...
  • SEBI moves SC over ULIP April 30, 2010

    The Supreme Court on Friday issued notices to the Centre and 14 life insurers on a petition by market regulator Sebi seeking transfer of cases from High Courts relating to Unit Linked Insurance Products (ULIPs). Sebi is locked in a turf battle with insurance regulator IRDA over who has jurisdiction over...
  • ULIP investors need not worry: Khurshid April 21, 2010

    New Delhi: Corporate Affairs Minister Salman Khurshid on Wednesday downplayed fears that investors would lose confidence due to the row between SEBI and IRDA over market linked insurance policies, as the issue will be resolved in favour of either one regulator or the other by the courts. "Investors will have confidence...
  • All insurers barred from issuing new ULIPs April 16, 2010

    New DelhiL: Union Finance Ministry has stepped in the war between Securities and Exchange Board of India (SEBI) and Insurance Regulatory Development Authority (IRDA) over new unit linked insurance plans. Insurance companies cannot issue any fresh ULIP products until a court decision. The restriction is also applicable on the Life Corporation...
  • Regulators' fight leaves insurers worried April 11, 2010

    Chennai: The turf war between the Securities and Exchange Board of India (SEBI) and the Insurance Regulatory and Development Authority (IRDA) over regulating unit linked insurance policies (ULIPs) seems to have put life insurers between the proverbial devil and the deep sea. While SEBI on Friday night banned 14 life insurers...
  • SEBI bans 14 insurers from selling ULIPs April 10, 2010

    Market regulator SEBI has banned 14 major life insurance companies from selling unit linked insurance plans. The Sebi order says ULIPs are similar to mutual funds, which insurance companies aren't registered to sell. ...
  • SEBI bans 14 insurers from selling ULIP April 10, 2010

    Mumbai: Market regulator SEBI on Friday night banned 14 major private insurance companies, including SBI Life, ICICI Prudential and Tata AIG, from raising money from public for any Unit Linked Insurance Products (ULIP). While passing the order late Friday night, SEBI said the entities have not obtained any registration from the...
  • Moneywise: Should I withdraw from my ULIP March 28, 2009

    Is it a sensible decision to withdraw from ULIP and invest that money into a PPF account? It's a fair question given the present market condition but there's more to it. We decode the puzzle for you. I had taken LIC money plus ULIP plan in Feb 2007. This month I...
  • ULIPs: When its okay to switch March 6, 2009

    We are a cautious species. We pray before every important event, we look at auspicious factors when we name our children and we consider broken mirrors a bad sign. It's no wonder then that when we make a killing in the stock market, we first think about how best to...
  • Four insurance policies to save tax February 11, 2009

    In order to get tax benefits, many a times investors land up with wrong products. A little bit of research and planning will help you in not just making tax saving investments but also judicious investment choices. Here is one such reader who bought four insurance policies to save tax...
  • Wealth Special: Should I close my ULIP policy? January 23, 2009

    Unit Linked Insurance Plans (ULIPs) have never been a good 'investment' product. We have said that over and over again, and there are valid reasons for saying that. The reasons 1. The charges are exorbitant and payable upfront in the first 3 years of the policy 2. The 3year lockin may appear small...
  • ULIP hoax: Make Rs 6 lakh in six years December 2, 2008

    Angelo Mathew works as an assistant editor in a media company. He has a hectic schedule and spends long hours in office. A complete techie, this 23yearold has a passion for cars and knows about every brand in town. But the same passion (or interest) does not mirror when it comes...
  • Wealth: I don't need insurance but I have two ULIPs November 18, 2008

    Life for Animesh Ahuja, an accountant in Agra is pretty simple. This 26year old begins his day reading business newspapers, with a steaming cup of tea. He likes to teach, and wishes to pursue this passion once he retires. Animesh has been working for the last five years, and has...
  • Wealth: 'I switched funds in ULIPs, lost money' September 25, 2008

    Twentysevenyearold Sandeep Dahiya is a geek. When he's not writing programmes for his employer (a software company in Delhi), he's surfing the Internet or getting acquainted with the latest technologies. But when it comes to money and investing, Sandeep's knowledge takes a backseat. But tax waits for no man. So, in January...
  • Ulip investment in group firms capped at 25 pc May 6, 2008

    Mumbai: Insurance companies can now invest up to 25 per cent in their group companies that is what is being proposed in the investment guidelines to be notified by the Insurance Regulator IRDA, next week. Earlier, insurance companies were allowed to invest only 10 per cent in their group...
  • Here are some tips on investing for your children April 30, 2008

    New Delhi: In these taxing times of rising inflation, investing in the future of your children is a good option. IT Professional Aman Sehgal is a father of a twoyearold girl and he says he wants only the best for her. I'm primarily looking at a longterm investment which would take care...