Topics | Search Log Out | Register | Edit Profile
Hide Clipart | Banned/Unbanned User Log | Moderator Login History | Thread Delete/Move Log | Last 30 mins | 1 | 2
SEBI ban's insurance companies raisin...

Chalanachithram.com DB » Archives » Archive through April 13, 2010 » SEBI ban's insurance companies raising money @ ULIP schemes « Previous Next »
Author Message
 

Scallion
Side Hero
Username: Scallion

Post Number: 3816
Registered: 05-2009
Posted From: 206.123.17.17

Rating: N/A
Votes: 0 (Vote!)

Posted on Monday, April 12, 2010 - 12:20 pm:       


Mrhyderabad:





Scallion:

Enti SBI, Reliance illegal ga collect chesiniya ipatidaka money????




Deenimeedha nee comment enti brother
Jai NTR, Jai Jai TDP
 

Mrhyderabad
Side Hero
Username: Mrhyderabad

Post Number: 5783
Registered: 01-2008
Posted From: 167.230.38.120

Rating: N/A
Votes: 0 (Vote!)

Posted on Monday, April 12, 2010 - 12:09 pm:       

WOW... that's a big decision. Might create a big impact on private insurers.

If NO ulips then no body would go to private insurance companies i guess.
If god doesn't like the way I live, let him tell me, not you
 

Scallion
Side Hero
Username: Scallion

Post Number: 3814
Registered: 05-2009
Posted From: 206.123.17.17

Rating: N/A
Votes: 0 (Vote!)

Posted on Monday, April 12, 2010 - 12:08 pm:       


Moviefan84:

Does SBI Life UnitPlus II Child Plan kuda ee ban kindaki vastunda?




but all the insurance companies are saying "Sebi has no jurisdiction over insurance products"
Jai NTR, Jai Jai TDP
 

Scallion
Side Hero
Username: Scallion

Post Number: 3813
Registered: 05-2009
Posted From: 206.123.17.17

Rating: N/A
Votes: 0 (Vote!)

Posted on Monday, April 12, 2010 - 12:06 pm:       


Moviefan84:

Does SBI Life UnitPlus II Child Plan kuda ee ban kindaki vastunda?




Yes as of now
Jai NTR, Jai Jai TDP
 

Moviefan84
Comedian
Username: Moviefan84

Post Number: 1473
Registered: 10-2008
Posted From: 68.163.80.210

Rating: N/A
Votes: 0 (Vote!)

Posted on Monday, April 12, 2010 - 12:05 pm:       

Does SBI Life UnitPlus II Child Plan kuda ee ban kindaki vastunda?
 

Scallion
Side Hero
Username: Scallion

Post Number: 3810
Registered: 05-2009
Posted From: 206.123.17.17

Rating: N/A
Votes: 0 (Vote!)

Posted on Monday, April 12, 2010 - 11:51 am:       


Scallion:

The SEBI, on Friday, banned 14 life insurance companies, including Reliance Life, SBI Life, ICICI Prudential, Tata AIG and HDFC Standard Life, from raising fresh money in ULIP schemes that invests a major chunk of funds in stock markets.




Enti SBI, Reliance illegal ga collect chesiniya ipatidaka money????
Jai NTR, Jai Jai TDP
 

Scallion
Side Hero
Username: Scallion

Post Number: 3809
Registered: 05-2009
Posted From: 206.123.17.17

Rating: N/A
Votes: 0 (Vote!)

Posted on Monday, April 12, 2010 - 11:27 am:       

Market regulator SEBI's order banning insurance companies from raising fresh money from public through ULIPs may affect foreign investments in the sector, a member of the Insurance Regulatory and Development Authority (IRDA) said in Hyderabad on Monday.

"The SEBI act would raise doubts among foreign investors. Insurance sector is the sunrise industry in India. It is one of the flagship sectors of the country's reforms process," R Kannan Member (Actuary) told PTI, adding the issue will be settled in a day or two.

The SEBI, on Friday, banned 14 life insurance companies, including Reliance Life, SBI Life, ICICI Prudential, Tata AIG and HDFC Standard Life, from raising fresh money in ULIP schemes that invests a major chunk of funds in stock markets.

He said there is no issue of one-upmanship between the two regulators as both the bodies are working for the government and the system.

"One industry cannot survive at the cost of others.

Financial sector will go together. Either we all fly together or sink together," Kannan said.

He said SEBI's order on Ulips was a surprise as it came even as the two regulators were in talks to sort out the issue.

He said if the companies are not allowed to collect premiums. There will be problem of liquidity.
Jai NTR, Jai Jai TDP

Add Your Message Here
Post:
Bold text Italics Underline Create a hyperlink Insert a clipart image HASH(0x1645ef8){Movie Clipart}
Show / hide regular icons selection options

Click on following links to open cliparts by Alphabetical Order

 A   B   C   D   E   F   G   H   I   J   K   L   M  

N   O   P   Q   R   S   T   U   V   W   X   Y   Z  

Show / Hide Filmy icons selection options

Click on following links to open cliparts by Alphabetical Order

  A   B   C   D   E   F   G   H   I   J   K   L   M  

N   O   P   Q   R   S   T   U   V   W   X   Y   Z  

Username: Posting Information:
This is a private posting area. Only registered users and moderators may post messages here.
Password:
Options: Enable HTML code in message
Automatically activate URLs in message
Action: