Life Insurance: Tide turns as Ulips come of age

The year 2015 will go down as a watershed year in the history of life insurance in India. The Insurance Laws (Amendment) Bill, 2015 passed by Parliament in March 2015 has the potential to change the landscape of the industry. The long-standing demand of the industry for increasing FDI to 49% has become a reality allowing the several insurers to access the much-required growth capital apart from several other changes influencing the entire value chain from distribution to policy servicing to claims.

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