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SURRENDER REGULATIONS IMPACT
Artificial Intelligence no longer speculative technology but an operational reality: Chief Justice of India Surya KantIndia's Chief Justice Surya Kant states artificial intelligence is an operational reality. It presents a major challenge for international ...- Great Nicobar project concerns must be debated in parliamentary forum; govt rattled by Rahul Gandhi's visit: CongressThe Congress party has detailed serious concerns regarding the Great Nicobar project. They highlight ecological damage, tribal rights viola...
- HDFC Life Q3 net up 14% on premium, non-par gainsDuring the quarter, net profit rose to ₹414 crore, up from ₹365 crore in the same period a year ago. Net premium income rose 10% to ₹16,771...
- LIC’s decline dampens life insurance industry growth in December 2024The life insurance industry saw a 4.8% year-on-year growth in Retail Annualized Premium Equivalent (APE) for December 2024, hindered by a 1...
- Life Insurance sector has strong growth potential amid regulatory changes; HDFC Life, SBI Life top picksPrivate insurers in India saw a significant increase in their weighted received premium (WRP) during August 2024, growing 15% year-on-year....
- LIC outperforms private peers in new premium mop-up in AugustThe life insurance industry experienced significant growth in new business income in August, driven by the state-run Life Insurance Corpora...
- LIC among Motilal’s 5 top life insurance picks, forecasts upside potential up to 25%Looking ahead, the domestic brokerage firm believes that the forthcoming regulations, such as risk-based solvency and IFRS, are expected to...
- 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 insurers' margins may take a hit on early surrender directiveInsurance companies in Mumbai are adapting to IRDAI's directives on surrender values, anticipating an impact on new business margins. Insur...
- 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...
- Insurers worried over surrender value ruleLife insurance companies have expressed concerns over proposed regulatory changes that would offer higher surrender values to policyholders...
- 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...
- 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...
- HDFC Life shares jump 3% after IRDAI's surrender regulations soothe Street's nervesThe Insurance Regulatory and Development Authority of India (IRDAI) has notified new product regulations that include guidelines for revise...
- 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...
- 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...
- 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...
- Market intermediaries can now register online with Sebi portalThe applications in respect of stock brokers, sub-broker and depository participants would continue to be made through the stock exchanges ...
- Punjab State Power Corporation Ltd to surrender 12,807 million units as surplus powerPSPCL has stated that due to capacity overhang across the country, it may be difficult to sell surplus power outside Punjab.
- IRDA not to change ULIP norms, despite industry concernsIRDA said it will not tweak its proposed guidelines on ULIPseven as industry fears that the norms could squeeze their profits in short term.
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