Future uncertain for NAV guaranteed ULIPs


Unit linked insurance plans (Ulips) with guaranteed NAVs (net asset values) are back in focus. The preferred insurance product of many cautious individuals is under the scanner of the Insurance Regulatory and Development Authority (Irda). At a recent insurance conference in Mumbai, the Irda chief J Hari Narayan said, “We are examining it because my concern is that the highest NAV guaranteed product may lead to miscommunication. We want to understand the entire issue before taking a call.”
http://economictimes.indiatimes.com/personal-finance/insurance/analysis/assured-returns-lure-has-made-nav-guaranteed-ulips-popular-but-irdas-fears-may-make-them-unviable/articleshow/10320273.cms

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s