The current spat of SEBI-IRDA is nothing but the fight for dominance.
The worst affected is the investor who already put his hard earned money in ULIP. Public is still confused about the future of ULIP and afraid that their money might be lost. It is ironic that none of the autonomous bodies bothered to make attempt to clear the ambiguity regarding the status of existing ULIP. Suresh Parthasarathy of business line prepared a FAQ to educate investors on this issue.
Link : http://www.thehindubusinessline.com/iw/2010/04/18/stories/2010041850551300.htm
