Life Insurance

Why More Indians Are Surrendering Their Life Insurance Policies

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Every year the number of life insurance policy surrender cases are increasing in India. Recent industry data has revealed that surrender and withdrawal payouts have risen significantly, even when approaching the maturity dates in some cases. This shift has also attracted the attention of the Reserve Bank of India (RBI), which has highlighted the potential impact on insurers’ financial management.

If you are considering surrendering your existing life insurance policy, seek an independent review before making a final decision. A professional assessment may reveal better alternatives that preserve your insurance cover while helping you manage your financial situation.

Remember, the cost of losing life insurance protection can be much higher than the money received through an early surrender.

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Axis Max Life Insurance Ranks #1 in Customer Experience in FY25-26

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Axis Max Life Insurance has officially clinched the #1 rank in customer experience among Indian life insurers in the latest Hansa Research CuES 2026 study. From its origins as Max New York Life to its new AI-driven era of “Double Bharosa,” explore the strategic milestones, historic 99.8% claims settlement ratio, and tech shifts that drove the private insurer to the top of the industry.

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Ageas Federal Life Insurance Leads with 99.82% Individual Claim Settlement Ratio in FY26

Ageas Federal Life Insurance Leads with 99.82% Individual Claim Settlement Ratio in FY26

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Ageas Federal Life Insurance has secured the #1 industry spot by recording a historic 99.82% Individual Claim Settlement Ratio for FY26. Discover how the firm’s digital shift and pioneering 74% foreign partnership ownership structure outpaced rivals to deliver rapid policyholder payouts.

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Auto-Debit for Insurance Premium: What If Your Credit Card Expires

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Card-based AutoDebit offers convenience, but card expiry can interrupt insurance premium payments even when the replacement card appears unchanged. Receiving a renewed card with the same number does not guarantee uninterrupted deductions since expiry date and CVV changes. And if the card is updated after the premium due date, policyholders should not assume the overdue premium will automatically be collected.

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Union Budget’s Digital Transformation in Life Insurance: Impact on Policyholders

Life Insurance /

The 2024 Union Budget’s emphasis on digitization marks a new era of digital transformation and opportunity for the Indian life insurance sector. From enhanced customer experiences to greater innovation and efficiency, the benefits of digitization are manifold for both insurers and policyholders. As the industry embraces technology-driven solutions, policyholders can look forward to a future where insurance is not just a safety net but a seamless and empowering tool for financial security and peace of mind.

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