Business Standard

IRDA tells Bajaj Allianz, Aviva to stop ULIP sales

Related News

IRDA has directed Aviva Life Insurance and Bajaj Allianz Life to withdraw their unit-linked insurance products (ULIP), where charges were deducted every month.

While Aviva Life would have to withdraw all of its 14 ULIPs, Bajaj Allianz will have to withdraw one of its products.

IRDA says these products, in existence for several years now, are difficult to understand for common policyholders, against other ULIPs where the charges are deducted upfront from the premium paid.

 

Read more on:   
|

Read More

Going out of Citi Suvidha? Keep higher balance

Citi India’s ‘Suvidha’ salary account holders will need to maintain a monthly net relationship value of Rs 1 lakh if their salary is no longer ...

Advertisements

Quick Links

More news from Finance Rss icon

ICICI Bank Q2 net up 15% even as bad loans rise

The net interest income grew by 15% to Rs 4,657 crore

Bank credit dropped in 1st half of October

Though credit demand has been tepid for several quarters, this fortnightly dip came just ahead of the Diwali week, the main festive season for ...

Rajan rate-cut bets spur Asia's biggest swap drop

The fixed payment to lock-in rates for a year using the derivatives fell 37 basis points this month, the most since September 2013, to 8.10%

Back to Top