Two major insurance rules that are effective from April 1, 2024, are — compulsory e-Insurance policies for new policyholders and the latest...

The Insurance Regulatory and Development Authority of India (IRDAI) has finalised surrender charges for non-linked or linked life insurance...

IRDAI has approved eight principle-based regulations at its recently held board meeting. The primary ones include Bima Sugam — an online ma...

Insurers have raised concerns about persistency, particularly for long-term products with premium paying terms exceeding 10 years. They fea...

The assured returns and enormous maturity amount of life insurance policies look tempting to many. Topping the list is the need to save tax...

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

Irdai has proposed new rules to protect policyholders’ interests under which insurance companies will have to substantially increase the am...

The new rules would put insurers in a dilemma - they must either lower sales or lower profits to address premature policy closures. If insu...

In this draft circular, the regulator has suggested changes in surrender value rules for non-linked life insurance policies. Under the curr...

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

With the tax-saving deadline bearing down on them and offers of insurance-cum-investment policies pouring in, most investors succumb and bu...

Before the 2010 guidelines on Ulips, insurance companies used to make substantial amounts of money from the premature closure of policies.

If a policy is surrendered before the end of the lockin period, surrender charge is deducted from the fund value.

Stuck with a policy or find the premiums too steep? Here are some ways to exit with the least damage.

The insurance regulator has allowed insurance companies to once again sell universal life plans on the basis of new guidelines.

Holders of unit-linked policies will in future get more of their money back if for any reason they are forced to surrender their policy wit...

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