A national lockdown announced by the government on March 24, 2020, following the Covid-19 outbreak, had forced many people out of jobs across the country, resulting in loss of livelihood and salary cuts.
OVER 2.30 crore life insurance policies were surrendered by policyholders in 2021-22, much ahead of their maturity. This is more than three times the number of policies (69.78 lakh) surrendered prematurely in 2020-21.
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