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SURRENDERING ULIPS
IRDAI misses to measure average sum assured per policyholder in its annual reportWhen IRDAI defines success as premium collected, and the industry maximises commissions by selling products that collect maximum premium pe...- Life insurers tweak products, incentives to protect margins after IRDAI's new surrender rulesPrivate life insurers in India have strategized to adhere to new IRDAI regulations requiring surrender value from the first year on non-par...
- Life insurance: IRDAI retracts on low surrender value proposal; know applicable surrender charges from April 1, 2024The Insurance Regulatory and Development Authority of India (IRDAI) has finalised surrender charges for non-linked or linked life insurance...
- How to surrender a policy? What can be the triggers and how much will you lose?"Typically a lot of these policies are bought from friends or families or probably a banking relationship without a lot of research and aft...
- 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 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...
- Regulator may tweak rules governing UlipsAt present, units are deducted from Ulips if one buys riders with it.
- Pension, life products gain as Ulips lose sheenContribution to Ulips, which has been declining in the last five years, saw a 6.1% dip or Rs 22,328 crore in 2015-16 compared to the previo...
- 4 lies you’re being told about ULIPsULIP is an unique investment vehicle that allows you to get dual benefits of capital appreciation and insurance.
- Holding a high-cost Ulip? It's time to get outBefore the 2010 guidelines, insurance companies used to frontload the charges on these plans, making the first few years super costly.
- Holding a high-cost Ulip? This could be a good time to surrender itREALITY CHECK: Thanks to a booming market, Ulip funds have given good returns.
- Avoid costly ulips even in rush to save tax, say experts“Though commissions have dropped from over 20-30% before September 2010, Ulips are still an expensive affair,” says Pankaj Mathpal, CEO of ...
- Why you should stay with UlipsLife Insurance is a long-term product and Ulips are no different. It is important to keep the Ulip policy in force for the entire term by p...
- Q&A: InsuranceReturns from your Ulip depend on the performance of the underlying fund and various charges applicable in the plan.
- Ulips’ charges may be down, but they still have many limitationsNow that the charges have come down, do Ulips, being a combination product usually with a focus on a particular goal, make a good choice?
- Query Corner: InsuranceOur expert Pankal Mathpal, CFP & Optima Money Managers guides you in matters relating to insurance.
- Things to do before you exit that UlipStuck with a policy or find the premiums too steep? Here are some ways to exit with the least damage.
- Insurers pull out 208 Ulip schemes, unveil just 42Stricter regulations help cos rationalise policies; most cos withdraw 10-30 products each in August.
- Investors can now expect better Ulip products & servicesSeveral new Ulips have started hitting the market after the Irda new guidelines on Ulips came into effect from September 1. So what has cha...
- IRDA to raise lock in period for ULIPs from 3 to 5 yearsIRDA is set to raise lock in period for ULIPs to 5 years from 3 yrs. The ceilings may come into force from October. Gainers: BSE ( A, B ), ...
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