Changes to surrender value norms in interest of customers: Industry
Business Standard|November 09, 2024
Changes to surrender value norms by the insurance regulator are in the best interests of customers and will boost insurance penetration, according to leading industry players.
AATHIRA VARIER
Changes to surrender value norms in interest of customers: Industry

At the Business Standard BFSI Insight Summit, insurance executives highlighted their strategies to mitigate the impact of these changes.

During the summit, a panel of life insurance chief executive officers (CEOs), moderated by Business Standard's consulting editor Tamal Bandyopadhyay, discussed the topic: 'A Case for Increasing Coverage?' While surrender charges have been a pain point for insurers, they have managed this challenge by adjusting commission structures.

This story is from the November 09, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the November 09, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
PSBs May Agree to 20% Haircut on MTNL Loans.
Business Standard

PSBs May Agree to 20% Haircut on MTNL Loans.

They have ₹8,144 cr exposure to troubled telco

time-read
1 min  |
January 30, 2025
AI Takes Center Stage in Policies of States to Attract Investors
Business Standard

AI Takes Center Stage in Policies of States to Attract Investors

As the dust settles on DeepSeek's achievement, another Chinese company, Alibaba, on Wednesday claimed that its latest version of the Qwen 2.5 AI model has surpassed the compatriot's DeepSeek-V3.

time-read
1 min  |
January 30, 2025
Business Standard

Ulip tax confusion sends insurance stocks into tailspin

A slew of announcements for the insurance sector sent stocks in this space into a tailspin.

time-read
2 mins  |
February 02, 2025
Business Standard

PPP, asset monetisation open door for pvt sector

FM proposes ₹1.5trn outlay for 50-yr interest-free loans to states for capex

time-read
2 mins  |
February 02, 2025
Business Standard

Centre sets capex goal for FY26 at ₹11.21 trn

May miss FY25 target by ₹93,000 cr due to election-year restrictions

time-read
1 min  |
February 02, 2025
Business Standard

Is it a step towards 'Nyaya'?

The finance minister (FM) saved the most impactful announcement for last – salary income up to ₹1 lakh per month is now tax-free.

time-read
2 mins  |
February 02, 2025
Business Standard

'Clear & direct': New I-T Bill next week

Finance Minister Nirmala Sitharaman on Saturday announced that the government will introduce a new income tax Bill next week to ease compliance burden.

time-read
2 mins  |
February 02, 2025
Business Standard

Reforms-based, prudent Budget

India's economic resilience amid an uncertain world order provides a unique opportunity to our nation.

time-read
1 min  |
February 02, 2025
Business Standard

Tax breaks for SWFs in infra extended by 5 yrs

In an effort to attract more global investments, Finance Minister Nirmala Sitharaman on Saturday announced an extension of the special tax exemption provided to sovereign wealth funds (SWFs) and pension funds investing in infrastructure by another five years.

time-read
1 min  |
February 02, 2025
Defence allocation sees 6.26% rise
Business Standard

Defence allocation sees 6.26% rise

Sector gets small nudge at 1.9% of GDP amid clamour for more money as strategic challenges continue

time-read
2 mins  |
February 02, 2025