Awaiting new norms, insurance cos favour Ulips

Nov 23 2012, 02:14 IST
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SummaryEven as insurance players await the final guidelines for 18 standard products, the industry seems to be favouring unit-linked insurance policies again.

increasing the ratio of their ULIP products. Out of its total business, ULIPs form only 30% for IDBI Federal, and traditional insurance constituted 70%.

Premium collections during the first half of the fiscal have fallen by 6% on a year-on-year basis for private insurers, to Rs 11,621.29 crore. When collections from LIC are added to this, the fall in Apr-Sep 2012 narrows to 4.2% annually.

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