News > Life insurance policyholders will now get higher special surrender payouts on early exit

Life insurance policyholders will now get higher special surrender payouts on early exit

Hindustan Times | 16/06/2024 03:26 PM | Click to read full article

IRDAI retained most of the provisions related to higher special surrender value (SSV) for endowment policies proposed last month. “While we anticipate a gross impact of approximately 100 bps on the company's new business margin (NBM) due to higher surrender value on early exits, we are confident in our ability to largely mitigate this impact without compromising the value proposition for our customers,” an HDFC Life spokesperson said.

-