Financial LiteracyRegulationThe Economic TimesMarch 28, 2024by Monika Halan0Life insurance: IRDAI retracts on low surrender value proposal; know applicable surrender charges from April 1, 2024
The Insurance Regulatory and Development Authority of India (IRDAI) has announced the final set of surrender charges in non-linked or linked life insurance products — traditional endowment policies. These charges are going to be effective from April 1, 2024. The move is in favour of the life insurance companies in India. According to the latest regulations set by...