Even as SEBI and IRDA have decided to approach court to seek direction on regulating ULIPs, a Public Interest Litigation has been filed in the Bombay High Court, seeking reversal of SEBI's ban on sale
An apparent truce with insurance regulator IRDA notwithstanding, the SEBI on Tuesday said that its Friday ban on new ULIP schemes by some insurance companies will continue, creating fresh uncertainty in the market. The SEBI,
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