new Surrender Value

What is the new surrender value for life insurance policies in 2024?

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What Is the New Surrender Value for Life Insurance Policies

The IRDAI Master Circular 2024 implemented across the insurance industry on October 1, 2024, introduced significant changes in policy terms, particularly focusing on the concept of the special surrender value (SSV) for endowment policies. This article delves into the key points of this circular, examining the implications of special surrender value, guaranteed surrender value, and … Read more

What will be the Surrender Value of LIC from October 1

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What will be the Surrender Value of LIC from October 1

Surrender Value of LIC – On October 1, 2024, significant changes will take effect in the insurance sector under the newly issued IRDAI (Insurance Regulatory and Development Authority of India) Master Circular. These changes cover a wide range of policies, including life insurance, general insurance, and health insurance. The new circular has introduced several new … Read more