Should index-linked insurance products make a comeback?

The Insurance Regulatory and Development Authority of India (Irdai) recently formed a committee to re-examine the need for index-linked insurance plans (Ilips), which were available in the Indian market before the insurance regulator banned them in 2013. Ilips, when they were around, invested policyholders’ money mostly into indices related to government securities or bonds. Disha Sanghvi asked experts if there’s a case for these products to make a comeback and whether or not they will benefit policyholders if they are allowed to be sold again.

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