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Markets collapse, ULIP`s still preferred

In spite of the fall in the markets, unit-linked insurance products (ULIP) remain preferred.

19 Nov 2008

In spite of the fall in the markets, unit-linked insurance products (ULIP) remain preferred. The Insurance Regulatory and Development Authority (IRDA) have approved twenty products out of which ULIP`s are eight.

Till the end of September 2008, the fresh business premium income has increased by 4per cent per cent to Rs. 34,599 crore as compared to the same period for last year was Rs. 33,159 crore.

Nine existing ULIP`s have also been redesigned with a change in the structure of the fund.