M&A guidelines in next 2 months

Insurance regulator IRDA on Friday said it is likely to finalise the guidelines for mergers and acquisitions of insurance companies in the next two months.

"It (guideline) is most likely to be finalised in the next couple of months," IRDA chairman J Hari Narayan told reporters.

Asked about reduction of charges of ULIPs, he said, "We have not taken any view at this point of time."

Whatever would be best in the interest of policyholders and insurance companies will be done, he added.