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POLICY SURRENDER VALUE
Insurance money left unclaimed? How to trace, verify and recover your moneyNearly Rs 8,974 crore in unclaimed insurance funds is lying with insurers due to missing nominees, outdated records, lost documents and lac...- FM radio: Tuned out of news, tuned into crisis, seeks reformsIndia's FM radio industry faces a crisis, with companies surrendering licenses due to government restrictions and competition from digital ...
- 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 ...
- 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...
- '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...
- 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...
- 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...
- 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...
- Postal Life Insurance policy: When can you surrender PLI policy, how to surrender and moreOnly policies that have been in existence for at least three years and are still in effect at the end of the month in which the surrender a...
- 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...
- Should I surrender my LIC Jeevan Anand Policy? If yes, how much will I get it?Instead of surrendering the policy, you can make it “paid-up” to avoid any penalty. The policy can be surrendered anytime provided two full...
- Want to surrender your life insurance policy? Here's a guideIf you are confused about what will happen on surrendering your life insurance policy, here's everything you need to know about it.
- Five things to remember while surrendering an insurance policyIf a policy is surrendered before the end of the lockin period, surrender charge is deducted from the fund value.
- Insurance policies sales record first decline in a decadeSales of new insurance policies fell for the first time in nearly a decade in February, data from some big insurers show as agents pushed f...
- 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.
- 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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