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 ...

Quick Links

More news from Finance Rss icon

Private insurers shift focus to regular premium products

Insurance executives said that Life Insurance Corporation of India will play a large role in this space going forward

Health, motor top charts in non-life premium collection

Industry players say this is because the demand in other segments is still low

Tweaking wilful defaulter definition to cover directors: Rajan

Currently, a wilful defaulter is one who has not used loans for the stated purpose or has not repaid when he can do so, or has siphoned off ...

Back to Top