In the latest weekly update, ISMG editors discussed the potential role of AI in cloud security, how the recent cyberattack on Microsoft by Russian state hackers
The pension fund regulator has issued a circular announcing that an NPS investor can now choose different pension fund managers for different asset classes. NPS allows an individual to invest in equities, corporate bonds, government securities and alternate asset classes. Previously, an NPS subscriber was allowed to choose only one pension fund manager.
PFRDA has said it will discuss with the Centre a proposal to raise equity exposure in NPS to up to 75 per cent for the willing government employees, as is the case with the private sector employees.
Get latest articles and stories on India at LatestLY. Pension fund regulator PFRDA will soon allow the subscribers of the NPS scheme to change the investment pattern as many as four times during a financial year as there has been a demand to increase the limit, its Chairman said on Tuesday. India News | PFRDA to Soon Allow NPS Subscribers to Change Investment Pattern 4 Times in a Year.
Updated Dec 17, 2020 | 09:09 IST
Facebook-owned WhatsApp will start offering micro-insurance products on its platform in India by the end of this year. WhatsApp to launch insurance, pension products on its platform in India by year-end. | Photo Credit: BCCL
New Delhi: Facebook Inc’s WhatsApp plans to launch health insurance and micro-pension products on its messaging platform in India through tie-ups with licensed financial services players in a bid to provide users in India with greater access to financial solutions.
WhatsApp, which counts India as its biggest market with 400 million users, is working in partnership with financial institutions on pilots of micro-insurance, and micro pension products. It is partnering with the SBI General Insurance to provide consumers with health insurance products.