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Home Personal Finance Good news for pensioners from April 1

Good news for pensioners from April 1

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From April 1, the insurance regulator IRDA has asked life insurance companies to introduce the Saral Pension Scheme.



For this, the Insurance Regulatory and Development Authority has directed life insurance companies. Under Saral Pension Plan, there will be only two annuity (annuity) option in the name of the insurer. As per the guidelines issued by IRDA, maturity benefits will not be available under Saral Pension Plan. However, it will have an option to refund 100% of the purchase price.

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