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insurance companies: Variable annuity products set to enter markets in 2-3 months

The Insurance Regulatory and Development Authority of India (IRDAI) has announced a new rule allowing insurance companies to offer variable annuity plans with a minimum guaranteed annuity amount. This option is available under both group and individual defined annuity products, based on publicly available benchmarks.

Mumbai , Maharashtra , India , Development-authority-of-india , Insurance-regulatory , Development-authority , Annuity-products-set , Enter-markets , Insurance-companies , Annuity-products , Insurance-regulator