Standardised Annuity Saral Pension Announced by IRDAI. Is It Worth It?
Moneylife Digital Team 01 February 2021
In its aim to simplify the web of insurance products for the layman, the insurance regulator, Insurance Regulatory and Development Authority of India (IRDAI), has targeted another insurance product for standardisation—annuities.
Annuities are insurance contracts made with life insurance companies to create a fixed source of income for life. Life insurers accept lump-sum cash from...
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