SEBI-IRDA

When I considered myself on ULIP platform I was consistently informed that it is better to go for government based rather than private. Well, government or private, we need some kind of proof, some reliability, some risk & what not.
Now, after SEBI banning most of the big players, truly the BIG ones - ICICI Prudential, SBI Life, HDFC Standard Life, Bajaj Allianz, Aviva Life, Kotak Life, Max New York Life, Metlife, Reliance Life, Tata AIG, AEGON Religare, Bharti Axa Life, Birla Sun Life and ING Vysya - in selling any more ULIPs, things are in a state of confusion for everyone; both the boards, the insurers who are banned & not banned (LIC, Future Generali etc) & specifically the investors.
Anyways, for your clarifications