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Life Insurance policies to offer higher surrender value on premature exit

Mumbai: From October 1, life insurance companies will pay you a surrender value even if you surrender your policy after completion of the first policy year. The Insurance Regulatory and Development.

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Maharashtra
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ACESO launches ALIP to help LIC policyholders contemplating policy surrender

ACESO launches ALIP to help LIC policyholders contemplating policy surrender
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Tata AIA Life Insurance introduces instant Rs 1 lakh loan service, policyholders to get funds in just 1 minute

Tata AIA Life Insurance introduces instant Rs 1 lakh loan service, policyholders to get funds in just 1 minute
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This LIC life insurance policy launched in February 2024 was withdrawn on April 1: Check surrender rules

LIC Dhan Vriddhi plan provides financial support for the family in case of unfortunate death of the life assured during the policy term. It also provides a guaranteed lump sum amount on the date of maturity to the life assured.

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Hike in surrender value could drag insurers' profitability, say experts

If IRDAI considers increasing the surrender value, it will likely impact insurance companies s profitability as well as policyholder’s behaviour, analysts said.

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