As per new Guideline for ULIP by SEBI to Insurance Cos.:-
1. A certain amt. of insurance prem is for your life cover and the bal. is inveted. Currently Insu.Cos, recovering the whole insurance risk cover in first 5 years, now as per new guideline insurance to be covered in 20 years( A insurance is for 20 years). So, if anyone wants to withdraw his amt. before maturity(20years), he has not to pay the whole insurance prem for life risk.
2. Now insurance cos. has to invest a certain % in Fixed Deposit, which are usually low risk investment. So if anyone want high gain, he will not benefited by this new rule... As low risk, low gain
Sudha ji your welcome in mera pahad forum,
I would like to know the effect on old policy holder under ULIP after SEBI banned on ULIP ?