With the new mandate in the floor; we can find the new task to be absorbed by the principal company of Life Insurance.
Earlier MF industry has saturated the business procurment startegy indirectly and now it was IRDA who has turned pages again.
People has a clear option now in respect to the investment. For short term they have only one option Mutual fund and for the long term both; MF and ULIP.
But with coming scenario by 2012, Insurance sales figure would be badly affected. No tax rebate to the extent, along with 5 year locking and many other things.
Investors have now a clear picture and sales people would not be able to misled investor.
A GREAT BUT TOUGH TASK FOR SALES PEOPLE
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