M Ravichandran, President - Insurance, TATA AIG General Insurance Company Limited explained home insurance and its importance. Home insurance is still at a nascent stage in India and the awareness for home insurance in our country is not very high. Gradually, with the growing real estate sector, home finance has emerged as an indispensable part of real estate. Natural disasters, such as earthquakes, floods and tsunami have also led home owners consider insurance for their homes.
ULIPs cannot be advertised as investment product: IRDAI
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