So it's IRDA that gets to govern ULIPs now. I guess we should be thankful that we were spared a long-drawn legal battle between the 2 regulators. It could be a case of mere perceptions but frankly I trust SEBI more than IRDA. The insurance regulator has been too slow in bringing out changes to help the investors. I am not about to trust them in a hurry. So I am going to steer clear of ULIPs at least in the foreseeable future.