Early in the tenure of non-linked policy you don't like? Surrender it

But if you have held it for long, run the numbers; continuing may be prudent

In December 2023, the Insurance Regulatory and Development Authority of India (Irdai) issued 

an exposure draft on the surrender value of non-linked insurance policies. Had those proposals been implemented, they would have made surrendering of life insurance policies less painful for policyholders.
 

The guaranteed surrender value (GSV) rates that apply to non-linked policies from April 1, 2024 (see box) have not changed. “The regulator has maintained the status quo on rates,” says Abhishek Kumar, a Sebi-registered investment advisor (RIA) and founder, SahajMoney.
 

According to Alok Rungta, managing director (MD) and chief executive officer (CEO), Future Generali India Life Insurance Company, “The