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.
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Companies can now launch life insurance policies without prior IRDAI nod
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.
