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SEBI versus IrDA : The ULIP Battle : Featured Article

Recently, India’s market watchdog SEBI banned 14 insurance companies from raising funds from ULIPs, stating that they have not registered their product with SEBI, so they can’t issue new ULIPs. The companies affected were: Aegon Religare, Aviva , Bajaj Allianz, Bharti AXA, Birla Sun Life, HDFC Standard Life, ICICI Prudential, ING Vyasa, Kotak Mahindra Old ..