Sunday, April 18, 2021

PFRDA mulls option to help annuity buyers

As of now, subscribers having a corpus of over Rs 2 lakh at the time of retirement or attaining the age of 60 years need to buy an annuity, offered by insurance companies, on a mandatory basis. They can take out the remaining 60% as a lump sum.

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

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