Ulip agent commission set to decrease after IRDA control on ULIP

Posted: 20 Jun 2010 07:22 PM PDT

The Centre has amended as many as four laws to take the controversial unit-linked insurance plans (ULIPs) out of an ugly courtroom spat between the stock market regulator and the insurance regulator. And now, the Insurance Regulatory and Development Authority (IRDA) appears set to overhaul ULIP guidelines, industry sources said on Sunday. A weekend Ordinance by the Centre amended the RBI Act...

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