Mumbai: Insurance companies can now invest up to 25 per cent in their group companies - that is what is being proposed in the investment guidelines to be notified by the Insurance Regulator IRDA, next week.
Earlier, insurance companies were allowed to invest only 10 per cent in their group companies.
Not only that, unit linked insurance products - popularly known as Ulips will come under investment regulation for the first time.
But insurance companies say that not much will change for them.
Source : IBNLIVE
PITAMBER
Monday, May 12, 2008
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