If an employee enters the group term
life insurance scheme between the two annual renewal dates, it is necessary for the employer to submit the particulars of the same to the group term life insurance company on a monthly basis
ULIPs — a common
insurance plan sold by
life insurers, where the money collected from consumers is invested into equity and debt markets — have become a bone of contention
between the two financial regulators, with both claiming regulatory authority over the
scheme.