https://www.taxtmi.com/news?id=4304 Insurers must provide a surrender value entitlement to policyholders who have paid premiums for the requisite minimum premium period, though insurers may provide surrender value earlier. IRDA rules require that on lapse the fund be transferred to a discontinued fund, which, after deduction of a discontinuance charge and accrual of savings interest, is made available to the policyholder at the end of the prescribed holding period; proposed regulations for non-linked products would mandate a minimum surrender value to protect policyholder interests. en-us Fri, 14 Dec 2012 14:49:20 +0530 Fri, 14 Dec 2012 14:49:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4304 Insurers must provide a surrender value entitlement to policyholders who have paid premiums for the requisite minimum premium period, though insurers may provide surrender value earlier. IRDA rules require that on lapse the fund be transferred to a discontinued fund, which, after deduction of a discontinuance charge and accrual of savings interest, is made available to the policyholder at the end of the prescribed holding period; proposed regulations for non-linked products would mandate a minimum surrender value to protect policyholder interests. News - Fri, 14 Dec 2012 14:49:20 +0530 https://www.taxtmi.com/news?id=4304