SEBI Ban ULIP Policy - A Required Step for Customer Happiness

Let me first congratulate SEBI (Securities and Exchange Board of India) for taking giant and required steps for customer happiness.
Brief of SEBI's ban action:SEBI bans all 14 Private companies who are promoting or selling ULIP policies. They can not sell policy to new customers or collect premiums from the existing customers. in short, Companies can not take any actions for ULIP products now.