News From Press IRDAI norms on surrender value to be effective April 1: Here’s how it will impact policyholders

IRDAI norms on surrender value to be effective April 1: Here’s how it will impact policyholders

Source: Financial Express Mar 27, 2024

The Insurance Regulatory and Development Authority of India (IRDAI) has come out with final regulations in relation to surrender value of insurance policies. As per the latest IRDAI guidelines set to be implemented from April 1, surrender values for life insurance policies are anticipated to generally maintain their current levels or potentially decrease if policies are surrendered within the initial three years.

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