IRDAI hikes surrender values for non-linked products; here’s how insurance stocks react
Shares of LIC of India, SBI Life, HDFC Life, Max Financial Services gained up to 2% even after IRDAI raised surrender values.
Shares of LIC of India, SBI Life, HDFC Life, Max Financial Services gained up to 2% even after IRDAI raised surrender values.
Do your checks but act and buy. Being uninsured is a far greater risk than buying wrong insurance.
On June 1, 2022, IRDAI also relaxed norms for all health insurance products and almost all general insurance products; idea is to encourage the industry to respond faster to emerging market needs.