Suddenly, there’s a spate of media reports and analyses on how the Insurance Regulatory and Development Authority (Irda) may be in the process of bringing in a new set of stricter rules on a class of insurance policies known as traditional policies. The headlines of these news articles are instructive. ‘After Ulips, traditional plans come under Irda scanner’ and ‘Traditional plan clean-up begins’ are two typical headlines.
http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/why-we-need-a-completely-different-insurance-business/articleshow/13329806.cms
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