The much-awaited bancassurance guidelines might take some more time to come out. The regulator is considering the reaction to certain issues, such as protests from bank-backed insurance companies and the Life Insurance Corporation of India (LIC). The bancassurance report, which came out in June, recommended that banks be allowed to tie-up with two types of insurance companies (life and non-life) for distributing insurance products
http://www.business-standard.com/india/news/wait-for-bancassurance-norms-gets-longer/450180/
