| LIC to rejig Ulips after Irda norms | 23-NOV-09 |
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| Following the Insurance Regulatory Development Authority’s (Irda’s) cap on insurance charges, Life Insurance Corporation (LIC) is looking at measures like increasing the minimum premium and lock-in period, and rejigging other expenses such as fund management charges, for unit-linked insurance plans (Ulips). |
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| 'Sasta' Ulips: Low on charges, low on cover | 19-NOV-09 |
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| After the Insurance Regulatory Development Authority (Irda) capped charges on unit-linked insurance plans (Ulip), insurers have started trying their hand at low-cost products. Aegon Religare, for example, is advertising its Invest Maximiser Plan as ‘Sabse Sasta Ulip’. And, Reliance Life Insurance has come up with Premier Life. |
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| Stay invested in Ulips for full benefit | 10-SEP-09 |
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| These included capping the difference between net and gross yields at 3 per cent, limiting fund management charges at 1.35 per cent and withdrawing the surrender charge for exits after four years. |
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| No surrender fee on Ulips after 4 yrs | 21-AUG-09 |
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| You can now surrender your unit-linked insurance plan (Ulip), purchased from a life insurer, after four years without having to pay any charge. This was announced by the Insurance Regulatory and Development Authority (Irda) today. |
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| Irda may up lock-in for Ulips to 5 yrs | 08-AUG-09 |
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| In an attempt to check mis-selling, the Insurance Regulatory and Development Authority (Irda) is planning to increase the lock-in period for unit-linked insurance plans (Ulips) from three to five years. |
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| Insurers may register 40% Ulips again | 31-JUL-09 |
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| Insurers will have to register over 40 per cent of their unit-liked insurance product (Ulip) offerings before December 31 with the Insurance Regulatory and Development Authority (Irda) again to comply with the new norms on cost structure of insurance products. |
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| IRDA caps charges for ULIPs | 22-JUL-09 |
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| Insurance Regulatory and Development Authority (IRDA) today put a cap on overall charges that life insurance companies can levy on subscribers of their Unit Linked Insurance Policies (ULIPS), the products which could be invested in equity markets. |
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| Irda plans to cap overall charges on Ulips | 09-JUL-09 |
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| After the Securities Exchange Board of India (Sebi) scrapped the entry load for mutual funds, the Insurance Regulatory and Development Authority (Irda) is considering putting a cap on the overall charges levied on the unit-linked products of life insurance companies. |
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| Insurance firms shy away from VC funding | 03-JUL-09 |
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| One year after the Insurance Regulatory and Development Authority’s (Irda) allowed insurance companies to invest in venture capital (VC) funds, no insurer has shown interest in funding VCs. |
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| LIC expects new premium income to rise 25% | 24-JUN-09 |
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| At a time when the life insurance market is contracting, Life Insurance Corporation of India (LIC), the country’s largest insurer, is expecting a 25 per cent increase in new premium income this financial year. |
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