insurance proj ppt

8/4/2019 Insurance Proj Ppt

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ULIPSEBI AND IRDA

PROJECT PRESENTED BY

RACHITA JAIN 22

SUCHITHRA 39

BHAVIKA SHAH 48

RIDDHESH SHAH 51

SOMIL SHAH 52

YASH SHAH 53


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ACKNOWLEDGEMENT


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SEBI

ROLE protecting the interest

of investors development of

securities market regulating the

securities market

FUNCTIONS Review of the market

operations Regulation Of MF, VC

Funds & CIS Regulating Self

Regulatory

Organizations Prohibiting Fraudulentand Unfair TradePractices


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Insurance Regulatory andDevelopment Authority (IRDA)

ROLE . To protect the interest of

policyholders orderly growth of the

insurance industry monitor and enforce high

standards of integrity . To ensure speedy

settlement of genuineclaims

DUTIES issue to the applicant a

certificate of registration protection of the interests

of the policy holders promoting and regulating

professional organisations regulating investment of

funds by insurancecompanies


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Unit Linked Insurance Plan

Unit Linked Insurance Plan - is a financialproduct that offers you life insurance as wellas an investment like a mutual fund. Part of the premium you pay goes towards the sumassured (amount you get in a life insurancepolicy) and the balance will be invested in

whichever investments you desire - equity,fixed-return or a mixture of both


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Working of ULIPs

When ULIP works best?

Appropriate Life Cover

STAYING with a ULIP for LONG TERM

UNDERSTANDING the CHARGE STRUCTURE

KNOWING the FEATURES

Why buy ULIPs?


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Concept of Mutual fund

Mutual fund is a trust that pools money froma group of investors

The money collected from investors areinvested in different securities like bonds ,shares, debentures etc

A team of professional fund managers andanalysts is tasked with managing a mutualfund


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Disputes between SEBI and IRDA


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Disputes between SEBI and IRDA

SEBI controls and regulates the following:- Capital market ie Stock market Mutual funds Any thing that would include investment

IRDA controls, Anything that includes insurance And also ULIP was introduced by IRDA.


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Effect of disputes Cannot issue new ULIP policy after April 9: All 14 companies are

been banned to sell Ulip from 9 th April, this will impact thecompany working and increases the problem of payment toissuer.

Withdrawn of Rs. 75000/- crores: If the companies does notissue new ULIP there will be withdrawal of Rs.75000/- crores

from the stock market. The companies have to withdraw moneyfrom the market because they have to make payment to theexisting policy holder at the time of maturity or withdrawal of policy.

Benefits to LIC: LIC is benefited because it is not banned fromselling ULIP because it is the government company and at thetime of crises LIC pumped in Rs. 3000/- crores in the stockmarket in order to maintain sentiments of the investor. LIC is thefather of all insurance companies banning LIC will harm thesentiments of the investor.


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UPDATED NEWS ON ISSUE:

ULIP crisis resolved; SEBI, IRDA agree to MoFformula 12 TH APRIL

Insurance council says SEBI ban news ULIPSsurprising 13 Apr 2010

Government asks SEBI, IRDA to move court atonce on ULIP issue 14 TH april

IRDA-SEBI row over ULIP had been on HLCCagenda RBI 22 ND april

Sc notice to center, IRDA on SEBI plea 1 may2010


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THANKYOU


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