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MC Exclusive | Life insurers urge IRDAI to relax proposed higher surrender value norms

Insurance regulator’s draft product regulations in December 2023 had proposed a surrender – or early exit – structure that promised higher surrender values (and lower surrender charges) and therefore, more money in the hands of such policyholders who may want to terminate their policies before the date of maturity.

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​ Insurance regulator’s draft product regulations in December 2023 had proposed a surrender – or early exit – structure that promised higher surrender values (and lower surrender charges) and therefore, more money in the hands of such policyholders who may want to terminate their policies before the date of maturity. Insurance regulator’s draft product regulations in December 2023 had proposed a surrender – or early exit – structure that promised higher surrender values (and lower surrender charges) and therefore, more money in the hands of such policyholders who may want to terminate their policies before the date of maturity.  Moneycontrol Latest News Read More  

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