Though ULIPs (Unit Linked Insurance Plan) are considered to be a better investment vehicle it has failed to capture the imagination of the retail investors in India because of which of the following reasons?
[A]Regulatory jurisdictional fight between SEBI and IRDA
[B]They don’t offer better tax benefits
[C]They offer lesser returns compared to traditional insurance policies
[D]All of the above
Regulatory jurisdictional fight between SEBI and IRDA
There have been regulatory jurisdictional issues between SEBI and IRDA (Insurance Regulatory and Development Authority). ULIP though an insurance policy is aimed at better returns through investment in Equity market has been the bone of contention between SEBI and IRDA, because of which there have been reluctance in its promotion and investments.