SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • News From Press Non-linked insurance plan: Surrender or stay? Do the math before deciding

    Non-linked insurance plan: Surrender or stay? Do the math before deciding

    Source: BS Dec 21, 2023
    The Insurance and Regulatory Development Authority of India (Irdai) has issued an exposure draft on the surrender value of non-linked insurance policies. These rules, if implemented, will make it less painful for customers to surrender a policy they don’t wish to continue with.
     
    Issue with current norms
     
    Currently, if a customer surrenders a non-linked, regular premium plan before having paid two premiums, he doesn’t get any money back. He gets 30 per cent of the total premium back if he surrenders after paying two premiums, 35 per cent after paying three premiums, and so on.
     
    Click here to read
     
     
     
     
    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    0 Comment
    Be the first to comment.
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.