Search For "surrender value"
Despite continued growth, high surrender value rule will negatively impact
Updated : 1 year, 5 months ago IST
The IRDAI is set to implement new rules from October 2024, mandating higher surrender pay-outs for policyholders who exit their policies early. This change is expected to negatively impact insurers' margins in the second half of FY25, as per the report.
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HDFC Life sees 100 bps hit on margins from higher surrender value
Updated : 1 year, 9 months ago IST
HDFC Life Insurance Company Limited anticipates an impact of approximately 100 basis points (on a gross basis) on the company's New Business Margin (NBM) after the insurance regulator IRDAI recently maintained surrender value on early exits by policyholders.
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