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News
More people are now surrendering life insurance before maturity. What’s driving this?
1+ mon, 2+ week ago (561+ words) Blame it on financial stress or mis-selling by insurers — surrenders and withdrawals of life insurance policies before maturity have been increasing over the past five years. Payouts for surrenders and withdrawals increased from around 30% of total benefits paid to policyholders…...
Man dies 25 days after buying insurance policy, Punjab and Haryana High Court upholds Rs 14.22 lakh payout to wife
3+ mon, 4+ day ago (409+ words) The Punjab and Haryana High Court recently upheld a Permanent Lok Adalat award in favour of the widow of a man who died within 25 days of obtaining a life insurance policy carrying a death benefit of Rs 14.22 lakh. Justice Jagmohan…...