ACESO has rolled out the Assignment of Life Insurance Policies (ALIP) program, designed especially for Life Insurance Corporation of India (LIC) policyholders thinking about surrendering their ...

has firmly declined the Life Insurance Corporation of India’s (LIC) request to revise surrender value regulations. Additionally, the regulator has ruled out any extensions for health and life ...

The Life Insurance Corporation has extended the option for surrender of six annuity schemes in response to demands by policyholders, especially senior citizens. The option to surrender the ...

Insurance behemoth LIC is understood to have approached insurance regulator IRDAI, seeking a review of final Surrender Value Guidelines issued in June 2024. These final guidelines were ...

LIC has urged regulator IRDAI for a review of the surrender value changes that were unveiled in June as part of the IRDAI (Insurance Products) Regulations, 2024 and followed by a master circular on ...

The association representing agents of Life Insurance Corporation of India (LIC) is up in arms against new commission payout rules that the agents feel are unfair. As Moneycontrol reported on ...

The Life Insurance ... surrender value, LIC has made many changes without consulting any of our organisations. The changes are neither agent-friendly, nor policyholder-friendly,” the letter ...