News From Press How LIC, SBI Life, HDFC Life and others are gearing up for higher surrender value regime

How LIC, SBI Life, HDFC Life and others are gearing up for higher surrender value regime

Source: ET Sep 10, 2024

The Insurance Regulatory and Development Authority of India (IRDAI) has introduced new surrender value regulations, which were announced in June 2024 and implemented from October 2024. These regulations have caused considerable uncertainty in the life insurance sector, as companies navigate the implications for their business models and profitability.

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