News - India: Solvency margins eased, benefiting unit-linked sales
Source: Asia Insurance Review | Feb 2009
IRDA has eased solvency norms for unit-linked insurance policies (ULIPS), helping life insurers to save millions of dollars in a tight capital market. Industry experts estimated that the new norms will ease capital requirements by 10-15 % or by around Rs10 billion-12 billion (US$207-248 million).
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