This decision is not straightforward, as the cash value received upon surrender is usually significantly lower than the premiums paid. For instance, a client approached 1 Finance, an investment advisory firm registered with the Securities…
L&T Finance, L&T Infra Credit, and five other non-banking financial companies (NBFCs) have surrendered their certificates of registration to the Reserve Bank of India (RBI). Following this, the RBI cancelled their Certificate of Registration (CoR)…
Among the raft of proposals put forth by the regulator on 12 December, the most significant one relates to surrender value in non-participating life insurance plans. Non-participating plans are those in which survival/maturity benefits are…