|
MyAarzoo > North Bangalore > Biz Ads > New ULIP guidelines can lead to misuse . call 9342878146 vipul patel
|
|
|
|
New ULIP guidelines can lead to misuse . call 9342878146 vipul patel
(bangalore)
Reply to:
vipoolpatel@bimaonline.com
Posting Date: 2006-12-4, 8:15 PM IST
Posting id:
6040
New ULIP guidelines can lead to misuse . call 9342878146 vipul patel ICICI prudential advisor
Guidelines for Unit Linked Insurance Plans ULIPs) have changed. The new guidelines that have come into force from July 1 allow 45 minutes in the share market after the closure of market hours for ULIPs but for mutual funds it ends at 3 pm.
Now during that time, insurance companies can approve new policies,switch funds or withdraw money. This also gives retail investors enough
time to transfer their money from a liquid fund to an equity fund after sensing the mood of the market and earn huge profits. However the
deadline for investment by mutual funds is 3 pm.
Due to this difference there's a concern in the market about new ULIP guidelines getting misused. But I dont see any problem with ULIPs right
now," says Insurance Regulatory and Developmental Authority (IRDA) Chairman CV Rao. "If it is any such thing we will certainly look into
it. Generally, it's the common man who invests in ULIPs and not institutional investors.
However, no case of misuse of guidelines has come to light in the past one month. It may be noted that the new guidelines came into effect from
July 1.
vipul patel
icici prudential life insurance advisor
bangalore
phone 9342878146
Source: Aap ka Paisa( moneycontrol.com)
|
|
|
|