Friday, January 29, 2021

Inflation index linked pension schemes in the pipeline: IRDAI

"When overall interest rate falls general cost of living also comes down and when the interest rate goes up the cost of living also goes up. IRDAI is planning to introduce a floating rate annuity option which could be linked to benchmark such as G-Sec or an inflation index," the IRDAI chairman said.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3agg7DI

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