Life insurers in India, including LIC, HDFC Life, and SBI Life, are strategically increasing the minimum and average policy values to enhance persistency and reduce policy lapses. This shift is driven by the understanding that higher-value policies correlate with better renewal rates and financially stable customers.
RBI draft for upper layer non-banks affects CICs disproportionately, raises compliances costs
New Reserve Bank draft on upper layer non-bank finance companies disproportionately impacts core investment companies by increasing compliance costs. Mandatory listing requirements could prove onerous
April 20, 2026