Ulip row won’t affect investor confidence: Salman Khurshid

NEW DELHI: Minister for corporate affairs Salman Khurshid on Wednesday set aside fears that the regulatory row between Sebi and Irda over

market-linked insurance policies could lead to investors losing confidence.



“Investors will have confidence that at the end of the day, even if there is disagreement between regulators, one regulator will prevail (over Ulip issue). It is only a matter of time. So investors need not worry,” Mr Khurshid told reporters on the sidelines of an Assocham event on transparency and accountability. He said regulators are new institutions and there were bound to be overlaps in their functioning.

CONFUSION AND HAVOC

Customers are clearly confused about purchasing ULIPs now. The SEBI regulated ULIPs are more customer friendly and transparent while IRDA regulated ULIPs are more of a insurance companies' oriented kind. Whatever decision is made regarding ULIPs , a mutually friendly soultion has to be made.