However for all other types of products such as ULIPs, insurers will have to wait for 30 days and can launch the product only if they do not hear from Irda till 30 days. Irda has also asked life insurers to give a unique number to all individual, group products and riders and to quote the number in all the relevant documents that they furnish to policyholders, distribution channels and also in the statutory returns filed with the Irda.
