ULIP sales may slow downULIP sales may see a slow down on the account of monetary measures taken by RBI.
Apnainsurance.com Research Bureau
30 Jul 2008
ULIP sales may see a slow down on the account of monetary measures taken by Reserve Bank of India (RBI). RBI has recently increased interest rates which has negatively effected stock market returns. As a result of this, ULIP investments has also seen dip in their value in the third quarter of 2007-08.
It is expected that investors may shift from ULIPs to traditional plans. But around 85% of the premium collected by insurance companies comes from ULIPs.