PNB MetLife India Insurance Co. is currently selling a unit linked insurance plan under the label of small-cap fund, potentially opening the doors for mis-selling of the insurance product.This is because the ULIPs, by definition, are insurance products that have a part of the premium that is invested in the equity market. The other part determines the amount of life cover — the amount that a policy holder’s nominees receive in the event of their death.The label ‘small-cap fund’ is used by…
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PNB MetLife Sells ULIP As Small Cap Fund; All Eyes On Insurance Regulator
