New IRDAI rules to make traditional, pension and Unit Linked products more beneficial for policyholders

New IRDAI rules to make traditional, pension and Unit Linked products more beneficial for policyholders

In a bid to improve the product proposition, the Insurance Regulatory and Development Authority of India (Irdai) has released product guidelines for both traditional insurance plans and ULIPs. It has modified the rules for pension products, traditional plans and Unit Linked Insurance Plans by easing the surrender and annuity norms.

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