Insurance stocks trade mixed after IRDAI’s final regulations on surrender value; Max Financial gains over 6%
Likewise, if the policy is discontinued within the fourth to seventh policy year, the surrender value shall be 50 per cent of the total premium paid, and if it is surrendered just two years before maturity, 90 per cent of the premium paid shall be paid as the surrender value to the policyholder.
At around 10:22 am, shares of ICICI Prudential Life were up by over 2 per cent at Rs 593.95, HDFC Life was up by 1 per cent at Rs 630.1, and SBI Life traded with a cut of over 1 per cent at Rs 1485.5.