The muted growth-compared to 22% growth in the April-June 2024 quarter-is due to a high base in the same period last year, regulatory impact from new surrender norms, and a softer push for high-ticket Ulip (unit-linked insurance plan) sales amid ongoing global equity market volatility, insurance experts said.
RBI draft for upper layer non-banks affects CICs disproportionately, raises compliances costs
New Reserve Bank draft on upper layer non-bank finance companies disproportionately impacts core investment companies by increasing compliance costs. Mandatory listing requirements could prove onerous