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The Insurance Regulatory and Development Authority of India (IRDAI) has announced a new rule allowing insurance companies to offer variable annuity plans with a minimum guaranteed annuity amount. This option is available under both group and individual defined annuity products, based on publicly available benchmarks. ....
Get latest articles and stories on Business at LatestLY. Despite several initiatives by Insurance Regulator and Insurance companies, pure risk policy is not picking up in India. A recent report by JM Financial suggests that the conversation about death is off-putting for large segments of societies. Business News | Indian Insurance Ecosystem Shows Limited Appetite for Pure Risk Policy: JM Financial. ....