ULIPs under regulation solely by IRDA

Dear Policyholders,
  The ULIP related controversy has ended with Govt of India issuing a notification regarding ULIPs that this product will remain under regulation solely by IRDA.You may recall that when the SEBI had tried to be spoilsport for the most successful product with Insurance Companies, I had given you the word of assurance that SEBI would not be successful in its attempt. In fact SEBI's move was in bad taste and it seemed to me that it was acting at the behest of some lobby but how can one surely say so. So, now when the ULIPs are not under cloud anymore, you should be making use of this wonderful product for your investment needs.
  I am happy to report the Growth Fund (Life) Unit's NAV has crossed 80 point mark on 21st June '10 . This is exactly 4 times the par value Rs 20 in Jan 04 when Nifty was at 2000 level. To have quadrupled the value in just 6 1/2 years is a remarkable feat. It translates in to return of almost 23% per year on compounded basis. Where else in the world such an achievement may have been made. This is superior to returns in any other asset class over the same period including Realty and Bullion.
  To further enhance your returns, I give fund switching advice from time to time which might have helped you. You may, however, master about the fund decision and my advice is no compulsion. You should be taking into account your own risk appetite and impressions about the possibilities before you resort to fund-switching. However, i am at your service at all times.
Krishna Kumar Khandelwal