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In order to simplify insurance product choice for lay investors, the insurance regulator, IRDAI, has been introducing standard products with uniform features in both life and non-life insurance. Recently, a new product has been added to the list — the immediate annuity plan, Saral Pension, which all life insurers have to offer from April 1, 2021. But what is it? Listen to the podcast.
By BusinessLineIn order to simplify insurance product choice for lay investors, the insurance regulator, IRDAI, has been introducing standard products with uniform features in both life and non-life insurance. Recently, a new product has been added to the list — the immediate annuity plan, Saral Pension, which all life insurers have to offer from April 1, 2021. But what is it? Listen to the podcast.

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