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The exposure draft, if implemented, will be draconian to the insurance industry for various reasons. Persistency levels will fall, and margins from non-participating products will fall impacting profitability. Policyholders would be incentivised to surrender their policies and buy another policy thereby impacting persistency of the business. (Representational Image Source: picpedia.org)

Lok Adalat: Kin of IT employee get Rs 4.50 cr compensation for his...

Pankaj Ramesh Shedge, who was a senior employee of an IT company located at Irvine in California of the USA, earned an...

28 Sept 2024 5:06 PM IST