Rising Insurance Policy Surrenders Expose Deep Flaws in India’s Insurance System
Insurance policies sold with high premiums and false promises are rapidly losing trust and leading to policy surrenders before maturity. The RBI's Financial Stability Report reveals that a significant portion of insurance companies' total payouts now comes not from maturity or death claims, but from premature policy closures. The question is: why is insurance, once considered a source of security, becoming a loss-making proposition for ordinary policyholders?
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