HomeNewsBusinessPersonal FinanceIRDAI’s higher surrender-value proposal is good for policyholders, but a double-edged sword

IRDAI’s higher surrender-value proposal is good for policyholders, but a double-edged sword

Preeti Kulkarni & Maulik M • December 20, 2023 / 12:41 IST

Lower surrender charges would put more money in the hands of policyholders who were either mis-sold policies or couldn’t keep paying annual premiums. But those who choose to continue paying premiums till the end of the tenure could see their returns squeezed.

IRDAI has sought comments from all stakeholders to its proposed product regulations

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