News From Press Look at costs when index-linked insurance products are revived

Look at costs when index-linked insurance products are revived

Products like ETFs that are linked to an index have low costs but that may not be the case with Ilips, said experts

Mint Sep 7, 2020

The Insurance Regulatory and Development Authority of India (Irdai) stated in a circular last week the formation of a working group to examine various aspects of index-linked insurance products (Ilips) that may be offered by life insurers. Ilips are not new in life insurance companies’ arsenal. Before 2013—when the regulator banned the sale of Ilips—insurers went aggressive on these policies and the category gained traction in the mid to late 2000s.

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