Ulips

Hari Narayan ran Irda like an insurance lobby

During Hari Narayan's reign Irda put out advertisements urging people to buy unit linked insurance plans (Ulips).

'Ulip scam' is worth Rs 1.56 lakh crore

Losses the retail investors suffered in the Ulips are one of the reasons for their lack of confidence in the market and their flight for real assets like gold.

Why LIC chief is more worried about agents than policyholders

The fall in commission on Ulips has led to insurance companies and agents suddenly discovering 'good' attributes in endowment plans given that they continue to pay high commissions.