An overall financial regulator for the country has the potential to ease the ride for the average investor
There is a debate on who should keep an eye on the money that you invest in Unit Linked Insurance Policies (ULIPs)? The mutual fund industry feels it should be the Securities and Exchange Board of India (SEBI) as ULIPs are basically investment products. But ULIPs are sold by insurance firms under the garb of protecting the consumer. So the insurance sector feels that in keeping with international norms, the Insurance Regulatory and Development Authority (IRDA) must regulate it.
(This story appears in the 19 March, 2010 issue of Forbes India. To visit our Archives, click here.)