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Life firms ask regulator to allow risk-based solvency regime for ULIPs

Life insurance companies will raise their solvency margin and free up capital that can be used for other purposes

Topics
Life Insurance | IRDAI | Ulips

Subrata Panda  |  Mumbai 



Life Insurance
Once a risk-based solvency regime is implemented, insurance companies will have to hold capital in proportion of the business they write.

Some life insurance companies plan to move the Regulatory and Development Authority (Irdai), seeking a risk-based solvency regime for unit-linked plans (ULIPs), where the risk is borne by policyholders.

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First Published: Wed, July 13 2022. 19:51 IST

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