New business premium income of life insurers declined in the first two months of the current fiscal as stringent regulations on sale of Unit-Linked Insurance Plans (Ulips) continued to weigh on the industry. Life insurers’ income from selling new po LIC )ies declined 12.3% year-on-year in April-May to Rs 12,253 crore, according to data from Insurance Regulatory and Development Authority (Irda). In April, new business income had fallen 12%
http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/strict-norms-on-ulip-sales-begin-to-hurt-life-insurers/articleshow/9006431.cms
