Catharsis of a Fiasco- ULIP 1.0 – A Retrospective

Main Article Content

Dr. N. Krishna Kumar


The burgeoning growth of ULIPs 1.0 (the original version) in the early stages of India’s Private Insurers growth history is well known. Bancassurance channel was the major one the private insurers exploited to clock growth during the period 2002-2010.
The paper lies bare through a catharsis, the practices that prevailed then and the short-termism of the interest groups, vividly. How the irrational exuberance, unfolded in the macro scene in the form of a ‘ULIP fiasco’ which is the largest rip-off in the financial services sector history of the country is clearly captured in the paper. Much of the conventional wisdom glosses over it as a ‘catastrophe’ of a Mis-selling. How, can this episode be looked into as a learning and unlearning case by Insurance, Finance, Policy experts, Risk Managers and Insurance educators is debated in the article.

Article Details

How to Cite
Dr. N. Krishna Kumar. (2016). Catharsis of a Fiasco- ULIP 1.0 – A Retrospective. M. S. Ramaiah Management Review <span style="font-Size: 16px;"> ISSN (Print) - 0975-7988</span≫, 7(02). Retrieved from