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New ULIP norms hit private insurers

New ULIP norms hit private insurers
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First Published: Tue, Mar 08 2011. 12 39 AM IST
Updated: Tue, Mar 08 2011. 12 39 AM IST
Stricter guidelines for selling unit-linked insurance plans (Ulips) have hit private insurance firms hard. Their market share has fallen from 56% a year ago to 40%. Life Insurance Corp. of India (LIC), which now accounts for about 60% of the market, has withstood the onslaught, thanks to its array of endowment products.
Also See | New ULIP norms hit private insurers (PDF)
Graphic by Ahmed Raza Khan/Mint
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First Published: Tue, Mar 08 2011. 12 39 AM IST