IRDAI Issues New Guidelines for ULIP and Insurance Product Ads
IRDAI’s Directive on ULIP Advertisements: The Insurance Regulatory and Development Authority of India (IRDAI) has issued a master circular on June 19, mandating that insurance companies cease advertising Unit Linked Insurance Plans (ULIPs) as investment products. This directive emphasizes that ULIPs, which are linked to the stock market, cannot guarantee fixed returns. IRDAI’s circular explicitly … Read more
