Click it and Unblock the Notifications
Just In
Don't Miss
-
Varshangalkku Shesham Box Office Collection Day 8 Prediction: Pranav And Dhyan's Film Maintains Steady Run -
Swing Trading Guide: 2 Buy/Sell Stock Picks By VLA Ambala On Thursday, 18th April -
PBKS vs MI Dream11 Prediction IPL 2024 Match 33: Squads, Fantasy Tips & Best Picks -
Princess Diana's Iconic Dresses And Accessories Will Get Auctioned For Charity, Know The Details Here! -
SCCL Recruitment 2024; Application process, Selection criteria and more -
Mahindra 3XO SUV Latest Teaser Reveals Connected Car Tech: All Details Here -
OnePlus 13 Early Leak Hints at a Revamped Camera Island, and Fast Charging to Remain at 100W -
From Coconut Breaking on Head to Men Dressing as Women: 12 Unique Indian Rituals Explored
ULIP investors are safe, assures IRDA
New Delhi, Apr 12: Insurance regulator IRDA on Monday, Apr 12, assured that the Unit-linked equity products (ULIPs) investors are safe.
Speaking to reporters, IRDA Chairman J Harinarayan, "I think we will have to have greater clarity on respective jurisdiction. Investors are safe."
Harinaryan arrived in New Delhi to give his side of the picture to the Finance Ministry officials.
"I don't think I have come here for a decision. I am here to give a perspective on the issue. SEBI does not have jurisdiction on ULIPs. Sebi believes otherwise," he said.
SEBI Chairman C B Bhave, who is here to attend a function, may also meet the ministry official on the issue.
On late Friday night, Apr 9, SEBI banned 14 life insurance firms from raising money from public for any ULIPs citing that policies have been launched without the regulator's consent.
A day after, IRDA asked these companies to continue their business as usual, questioning the SEBI's authority to issue such an order.
OneIndia News
