The Securities and Exchange Board of India, or Sebi, said insurance cover for mutual fund products will continue with insurance regulator, IRDA putting on hold its decision to discontinue group cover on mutual fund products, reports CNBC-TV18.
This was expected. IRDA is wise. They know that if the Mutual Funds are forced to abandon their Free Life Insurance Cover Combo, then the pressure will start building on the Insurance Companies to either Stop ULIPs completely or Bring down the commission Charges from the Sky High 35% (average) to the paltry 2.25% Commission being charged right now by Mutual Funds.
Regards,
Srikanth Shankar Matrubai.
MONTHLY MEDICAL CAMP AT SRI SADGURU ANANTHASWAMY ASHRAMA
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Swakula Bandu,
Following the motto of HEALTH IS WEALTH, the Trustees of Sri Sadgugu
Anathaswamy Ashrama will be conducting MONTHLY MEDICAL CAMP henceforth ...
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