While on the one end, the Life Insurance companies present in the Indian market have already gone unethical way in terms of their operations, and even the insurance regulator is looking the other way.

Under a move which was highly unexpected, the life insurance companies have quietly increased the mortality charge on the ULIPs offered by them from 1st September, and even IRDA cleared the parcel of the recently launched plans without any question on the same.

There is no denying the fact that the decision has come as a shock to many ULIPs investors and the product per say also sparked a tussle between SEBI and IRDA a few months back.

It may be recalled here that the life insurance companies bagged a hefty amount of money by raising the entry barriers on ULIPs to Rs. 1500 to Rs. 3000 a month from the earlier limit of Rs. 500 to 2,000 per month. However, the recently announced hike in the mortality charge is the cost deducted from the premium that one needs to pat for the cover of the payment of the death benefits and is surely a cause of worry for the investors.