People are now buying life insurance for protection, and the increase in surrender value is unlikely to impact the persistency ratio, Mahes...

Policyholders exiting traditional life insurance get more money back starting October 1, 2024. Irdai has asked the insurance companies to o...

Policyholders of traditional life insurance will see reduced returns due to new guaranteed surrender value rules starting October 1. Non-pa...

Life Insurance Policy Surrender Value Rule Changes: To curb mis-selling of life insurance plans, IRDAI has introduced a higher special surr...

The regulator issued a master circular, which mandates insurers to pay special surrender value (SSVs) after the first policy year, provided...

Life insurance companies have expressed concerns over proposed regulatory changes that would offer higher surrender values to policyholders...

A higher surrender value on nonpar policies, which guarantee survival or maturity benefit without depending on insurers’ profit, could lead...

Policyholders of life insurance policies can opt for surrendering their policy before maturity, which will pay them a surrender value, cons...

Typically, a policy with three years of successful premiums paid acquires a surrender value. One can find out the surrender value of the po...

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...

Don’t miss a rare retrospective on the life and work of Chittaprosad, one of India’s most important artists.

Nico launches a new menu. Savour farm to table salads made with fresh ingredients. The beetroot, walnut and burrata salad is a must have.

A lapsed cover can be revived by the policyholder during the period allowed by insurer before its maturity.

There is also greater focus on protection in the new plans. The revamped plans also guarantee a higher surrender value.

Experts are advising consumers not to buy traditional endowment plans that may be discontinued, and instead wait for new IRDA-approved plan...

Surrender value is the amount an insurance firm pays a policyholder if he opts for voluntary termination before the policy’s maturity or oc...

Surrender value the amount the policyholder will get from the life insurance company if he decides to exit the policy before maturity.