Mr V B Mohan Mohan, ,, , Development Officer, LIC of India, Secunderabad writes that there is a need for partnership and not competition in regulating ULIPs and that there is scope for ULIPs to serve their purpose if some basic changes are effected.

While the National Federation of Insurance Field Workers of India (NFIFWI) is willing to support the cause of financial literacy in the country, they are opposed to the withdrawal of agents’ commission. They have met Mr D Swarup, Chairman, and handed over a memorandum outlining the reasons for their protest.