Life insurers' margins may take a hit on early surrender directive

Insurance companies in Mumbai are adapting to IRDAI's directives on surrender values, anticipating an impact on new business margins. Insurers are exploring changes in their business models to align with the new regulations and focus on growth over profitability. The industry is bracing for adjustments as the new rules take effect, with a shift towards trail-based commissions and potential reductions in guaranteed rates for policyholders.
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