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Insurance in 2024: Higher life insurance surrender values, shorter moratorium period in health insurance and more


Published on 2024-12-15 21:00:45 - moneycontrol.com
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  • Preeti Kulkarni is a financial journalist with over 13 years of experience. Based in Mumbai, she covers the personal finance beat for Moneycontrol. She focusses primarily on insurance, banking, taxation and financial planning Advisory Alert: It has come to ...

The article from Moneycontrol discusses several anticipated changes in the insurance sector for 2024. Key points include an increase in surrender values for life insurance policies, which means policyholders will receive a higher amount if they decide to terminate their policy early. Additionally, there's an expectation of a shorter moratorium period in health insurance, reducing the waiting time before certain conditions are covered. The article also touches on the potential introduction of composite licenses, allowing insurers to offer both life and non-life insurance products, aiming to enhance customer convenience. Furthermore, there are predictions about the rise in demand for cyber insurance due to increasing digital transactions and data breaches. Lastly, the article hints at regulatory changes that might encourage more innovation in product offerings and better customer service in the insurance industry.

Read the Full moneycontrol.com Article at:
[ https://www.moneycontrol.com/news/business/personal-finance/insurance-in-2024-higher-life-insurance-surrender-values-shorter-moratorium-period-in-health-insurance-and-more-12889652.html ]