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Life insurance policy surrender, withdrawal payouts jump to Rs 2.8 lakh-crore, exceed maturity benefits
Govt says surrender & withdrawal payouts accounted for 39% of total benefits in 25-26, up from 32% in 21-22, driven by affordability issues, mis-selling, changing financial circumstance.
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economictimes.indiatimes.com
Surrender and withdrawals as a share of total benefits paid by life insurers rise to 39%
Surrender and withdrawal benefits paid by life insurers have increased significantly. These benefits now exceed maturity benefits paid by the life insurance sector. Policy…
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theprint.in
Life insurance policy surrender, withdrawal payouts jump to Rs 2.8 lakh-crore, exceed maturity benefits
Govt says surrender & withdrawal payouts accounted for 39% of total benefits in 25-26, up from 32% in 21-22, driven by affordability issues, mis-selling, changing financial…