Cracking the Whip

Last week, there was news that IRDA is going to crack the whip at ‘Traditional Plans’. It appears that after the last round of whip cracking (which was on ULIPs), our insurance industry has transformed its traditional plans into something which needs a whip. The regulator’s major objections appear to be that these insurance plans don’t actually contain much insurance and in many of them, w

This article was originally published on September 28, 2011.