The product diversification of financial institutions and insurance companies, resulting in overlapping of products and services strengthens the case for the merger of the two regulatory agencies, namely SEBI and IRDA. Justify. (200 words, 10 marks)

The product diversification of financial institutions and insurance companies, resulting in overlapping of products and services strengthens the case for the merger of the two regulatory agencies, namely SEBI and IRDA. Justify. (200 words, 10 marks)

Thus, the case for merging SEBI and IRDA gains strength in light of the growing product diversification and overlapping services within financial institutions and insurance companies.