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Major Changes That Come Into Effect From December 1


With the start of a fresh month which is also the last month of the year, some of the changes will be implemented from today. And these changes should be known by your for your day to day dealings.

 Major Changes That Come Into Effect From December 1

1. RTGS to be available round the clock:

In its last RBI policy meet, the centre announced that the real gross settlement system or RTGS for fund transfer shall be available 24*7. In the process a sum of over Rs. 2 lakh is transferred to some specified beneficiary.

2. Change in insurance premium possible now:

In a case if the life insurance policy was running for 5 continuous years, policyholders can continue it with reduced premium of up to 50 percent.

3. Policy shall not lapse in case of non-premium payment:

Given the pandemic situation, when people have been hit in any ways, policies shall not lapse in case of non-payment of premium amount against the life insurance policy.

4. LPG prices remain unchanged:

Though there were expectations that LPG prices could see a modification in comparison to previous month's price, prices have been help constant, thereby providing a sigh of relief to consumers.

Read more about: lpg insurance
Story first published: Tuesday, December 1, 2020, 8:04 [IST]
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