The Economic Times
MUMBAI: The government may raid unit-linked insurance policies to pay for its expenditure, dealing a body blow to private sector insurance firms and thousands of investors who had bet heavily on the instrument for future planning.
G-sec investment could lower returns for investors and force insurance firms like ICICI Prudential and HDFC Life to deliver lower returns. Valuations of these firms will be hit at a time when they are preparing to go to the market to raise money from investo ..
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