Policyholders of traditional life insurance will see reduced returns due to new guaranteed surrender value rules starting October 1. Non-participating policyholders will face a 0.3-0.5% drop in returns, while participating policies will experience decreased bonus payouts over time. These changes align with falling government bond rates.
L&T Technology Services shares jump 3% after bagging $75 million deal
L&T Technology Services shares gained up to 3.3% after the engineering services company secured a five-year deal worth more than $75 million from a leading