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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)

Panel to study impact of IRDAI's norms on higher surrender payout to...

Mumbai: Life Insurance companies have formed a committee to study the actuarial and financial impact of the insurance...

26 Dec 2023 9:57 PM IST