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Thursday, September 2, 2010

Govt. Backs SEBI for investor Information,ULIPS new norms applied

As per the recommendation of a government panel on foreign investment, the Securities and Exchange Board of India (SEBI) should be authorized to provide information on the ultimate investor in Participatory Notes (PNS) attempt during a study.

The new standards for unit-linked insurance plans (ULIPs) would be launched from Wednesday aimed at building investor confidence.While life insurance companies believe that their margins will be squeezed and profits will be hit by allegations of ULIPs get capped.

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