LIC, pvt insurers to be treated equally on equity cap: Irda

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SummaryThe insurance regulator is clear that the state-owned Life Insurance Corporation of India will be governed at par with any other insurance player when it comes to the investment cap on equities.

ever since August 2010, when the regulator slashed the commissions that agents could charge on unit-linked insurance plans (Ulips). While earlier the bulk of the premiums — more than 70% — came into ULIPs, that share is now down to 15%. The premiums that were invested in Ulips fell 36% 2011-12 over the previous year.

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