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...
30 Sep, 2024, 08.07 PM IST
New insurance rule: 30-day free-look period now to return unwanted, mis-sold policies; how much will you get back from insurer?IRDAI extends the free-look period for life and health insurance policies to 30 days. This means policyholders have a month to review polic...
13 Apr, 2024, 11.16 AM IST
Fundamental Radar: ICICI Pru Life can see 6% CAGR in VNB over 3 years, here’s whyRecent IRDAI regulations positively impacted ICICI Pru Life, leading to VNB growth. Motilal Oswal optimistic on VNB growth, banca channel i...
04 Apr, 2024, 03.13 PM IST
IRDAI new regulation on surrender charges decoded; SBI Life, LIC top buy in insurance space nowIRDAI's enhanced surrender charge regulations set surrender value requirements based on policy year. Exposure draft included threshold prem...
01 Apr, 2024, 11.58 AM IST
Two insurance rules from April 1, 2024: Demat type e-Insurance Account must to buy new policies, latest surrender chargesTwo major insurance rules that are effective from April 1, 2024, are — compulsory e-Insurance policies for new policyholders and the latest...
31 Mar, 2024, 01.52 PM IST
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...
28 Mar, 2024, 03.51 PM IST
IRDAI issues series of regulations, tweaks regulation on surrender chargesIRDAI (Insurance Products) Regulations, 2024 merge six regulations into a unified framework aimed at enabling insurers to swiftly respond t...
26 Mar, 2024, 04.53 PM IST
Major changes in insurance regulations — new health insurer Galaxy Health, Bima Sugam, more protection for policyholdersIRDAI has approved eight principle-based regulations at its recently held board meeting. The primary ones include Bima Sugam — an online ma...
23 Mar, 2024, 12.19 PM IST
Top life insurance cos raise concerns over proposed change in policy surrender valuesInsurers have raised concerns about persistency, particularly for long-term products with premium paying terms exceeding 10 years. They fea...
12 Feb, 2024, 12.07 AM IST
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...
23 Dec, 2023, 07.09 AM IST
Dropping out of insurance policy? It’s set to pinch lessIrdai has proposed new rules to protect policyholders’ interests under which insurance companies will have to substantially increase the am...
15 Dec, 2023, 01.40 PM IST
Surrendering insurance policy early may cost you less in futureThe new rules would put insurers in a dilemma - they must either lower sales or lower profits to address premature policy closures. If insu...
15 Dec, 2023, 11.20 AM IST
Irdai proposes limit on surrender charges for non-linked plansIn this draft circular, the regulator has suggested changes in surrender value rules for non-linked life insurance policies. Under the curr...
15 Dec, 2023, 12.07 AM IST
You can no longer repay loan taken against life insurance policy using credit card: IRDAIThe IRDAI is discontinuing the option of re-payment of insurance policy loans by credit card. All life insurers are urged to discontinue ac...
05 May, 2023, 11.17 AM IST
Regulator may tweak rules governing UlipsAt present, units are deducted from Ulips if one buys riders with it.
11 Mar, 2019, 09.39 AM IST
What you stand to benefit and lose on surrendering a life insurance policyHere are the benefits and losses you may incur at various stages on surrendering your insurance policy.
25 Sep, 2018, 10.01 AM IST
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.
09 Sep, 2016, 06.11 PM IST