Insurance policy sales data for May 2024 has alleviated concerns about the life insurance sector slowdown. New surrender value norms are expected to impact gross margins for insurers. Brokerages like Jefferies and UBS have commented on the impact of these norms on insurance companies. IRDAI's release of surrender value norms has influenced stock prices, with HDFC Life seeing a more than 2% increase. The new IRDAI directive requires life insurers to offer surrender value in the first year and include a policy loan option in all life insurance savings products.
New life insurance surrender value rules: What they mean for policyholders @anshul91_m https://t.co/ReiKyhOTOA
#IRDAI asks life insurers to offer surrender value in first year https://t.co/bR1tVOfcuY
WATCH | IRDAI's Life Insurance Master Circular mentions change in special surrender value. Catch the new benchmarks and updates with ET Now's Anurag @anuragshah_ https://t.co/7ad57p4tq9
Good news for policyholders! The #Irdai has announced that all life #insurance savings products must now include a policy #loan option, helping policyholders meet their liquidity requirements. Here's all you need to know @surbhiglori #LifeInsurance https://t.co/gUBtID6ATL
WATCH | IRDAI's Life Insurance Master Circular mentions change in spatial surrender value. Catch the new benchmarks and updates with ET Now's Anurag @anuragshah_ https://t.co/ZD6ptf9XZm
COMING UP @ 11:00 AM | Learn more about IRDAI to life insurers: offer surrender value in 1st year #BNSN @_sherylld @SrishtiSharma_ https://t.co/sYO8hRZmbG
Explained: No respite for life insurers as #IRDAI keeps #surrendervalue at nearly 80% @YashJain88 https://t.co/R3rDLmWjzF
#CNBCTV18Market | Life insurance cos higher after IRDAI's, #HDFCLife more than 2% after IRDAI releases Surrender Value norms https://t.co/R20MRthhEo
Stocks In News | UBS views on Insurance, surrender payouts increase to impact profitability Watch to know what some of the brokerages are saying👇 @_anishaj https://t.co/yt2TDY3KLz
Brokerage Radar | Jefferies on Insurance, new surrender norms to have higher gross, lower net impact @Jefferies https://t.co/UiuE8blBus
#CNBCTV18Market | For #Lifeinsurers, new #SurrenderValue norms are in-line with draft & apply from Oct-24, higher SV, can lower products' gross-margin by 6-8ppt: Jefferies on life insurance https://t.co/3muGJOXvzZ
#MarketsWithBS | Insurance policy sales data for May 2024 has eased analysts' concerns over the slowdown in the life insurance sector. Here's are top insurance stocks: https://t.co/igirwhxRgL @nikita_vashisht #insurance #buzzingstocks #stockmarket