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SURRENDER VALUE
NPS annuity exit rules relaxed: Policy surrender allowed in cases of critical illness, old policies with surrender clauseThe Pension Fund Regulatory and Development Authority has revised rules for National Pension System annuity surrenders. Subscribers facing ...- 'Never trust banks...lost ₹15L': Businessman loses Rs 15 lakh after bank employee’s '100% tax-free' promise turns out to be a costly tax trapA young businessman running a company with ₹1 crore annual revenue was convinced by bank officials to buy three non-market linked insurance...
- Insurance terms explained: What is surrender value, types of surrender valueIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 2...
- Life insurance rule change: From October 1, 2024, you will get higher refund when you surrender your life insurance policyPolicyholders exiting traditional life insurance get more money back starting October 1, 2024. Irdai has asked the insurance companies to o...
- Returns on life insurance policies to drop as new surrender rules kick inPolicyholders of traditional life insurance will see reduced returns due to new guaranteed surrender value rules starting October 1. Non-pa...
- Premium may rise, agent commission could decline as revised surrender value kicks in from TuesdayInsurance premiums may rise or agent commissions might be reduced due to new IRDAI guidelines for revised surrender values aimed at providi...
- Higher refund on premature exit from life insurance policy as IRDAI introduces new surrender value rule; check how much you will getLife Insurance Policy Surrender Value Rule Changes: To curb mis-selling of life insurance plans, IRDAI has introduced a higher special surr...
- IRDAI asks life insurers to offer surrender value in first yearThe regulator issued a master circular, which mandates insurers to pay special surrender value (SSVs) after the first policy year, provided...
- Insurers worried over surrender value ruleLife insurance companies have expressed concerns over proposed regulatory changes that would offer higher surrender values to policyholders...
- Surrender fee: Insurers propose dual structure as regulator pitches for a hikeA higher surrender value on nonpar policies, which guarantee survival or maturity benefit without depending on insurers’ profit, could lead...
- Understanding surrender value and its implications on life insurance policiesPolicyholders of life insurance policies can opt for surrendering their policy before maturity, which will pay them a surrender value, cons...
- How to surrender life insurance policyTypically, a policy with three years of successful premiums paid acquires a surrender value. One can find out the surrender value of the po...
- How is the surrender value of single premium ULIP taxed?For policies purchased after 1 April 2012, if the premium paid on the policy is less than 10% of the sum assured, the amount received on ma...
- Experience the complete package of shopping, food and artDon’t miss a rare retrospective on the life and work of Chittaprosad, one of India’s most important artists.
- Top picks of food, art and culture in the city todayNico launches a new menu. Savour farm to table salads made with fresh ingredients. The beetroot, walnut and burrata salad is a must have.
- Things to know about reviving a lapsed insurance policyA lapsed cover can be revived by the policyholder during the period allowed by insurer before its maturity.
- The new and improved traditional insurance plansThere is also greater focus on protection in the new plans. The revamped plans also guarantee a higher surrender value.
- Beware of insurance agent’s ‘triple benefit’ sales pitchExperts are advising consumers not to buy traditional endowment plans that may be discontinued, and instead wait for new IRDA-approved plan...
- Smart things to know about Surrender valueSurrender value is the amount an insurance firm pays a policyholder if he opts for voluntary termination before the policy’s maturity or oc...
- What is surrender value?Surrender value the amount the policyholder will get from the life insurance company if he decides to exit the policy before maturity.
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