can any body tell me why the SEBI has not banned the LIC from issuing ULIP
can any body give me the answer
SUDHIR & PRADEEP JI (CA FINAL+LLB + DISA) (2299 Points)
14 April 2010
2 Replies
Nicky
(Chartered Accountant)
(245 Points)
Replied 14 April 2010
Pradeep with due respect to you.. you are posting thsi query under Income Tax, which is not warranted
PRINCY SWAMINATHAN
(MANAGER)
(27 Points)
Replied 18 April 2010
update april 10 2010-Market regulator SEBI banned fourteen major private insurance companies, including SBI Life, ICICI Prudential and Tata AIG, from raising money from public for any Unit Linked Insurance Products (ULIP).
While passing the order, SEBI said the entities have not obtained any registration from the regulator though the ULIPs launched by them had an investment component in the nature of mutual fu
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