News From Press New IRDAI rules: Life insurance policyholders to get higher early-exit payouts from October 1

New IRDAI rules: Life insurance policyholders to get higher early-exit payouts from October 1

Source: Moneycontrol Oct 1, 2024

Come October, and the new higher-payouts-on-early-exit regime will commence in the life insurance space.

This is part of the larger, updated insurance product regulations issued by the Insurance Regulatory and Development Authority of India (IRDAI) in March, followed by the master circular with detailed norms in June.

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