ULIP plans from insurance companies are regulated by IRDA.
SEBI wants to regulate and like to have a monitoring control over ULIP plans. ( IRDA is against this)
Now all insurance companies launched Guaranteed Highest nav in the first 7 years for a 8 to 10 year term ULIP policies.
This is to be analyzed by SEBI.
In Market linked plans there can be No Guarantee.
Agents are to be educated and trained well.
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