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Saral Pension Yojana to start from April 1: Check the plans and all benefits

Highlights
Now, there will be an option to choose the period on a monthly, quarterly, half-yearly or yearly basis.
The IRDAI in its guidelines said that the minimum annuity amount contribution for Saral Pension Plan is Rs 1,000 per month, Rs 3,000 every three months, 6,000 every six months and Rs 12,000 in a year.
As per IRDAI guidelines, the Saral Pension policy can be surrendered any time after six months from the date of commencement.
The Insurance Regulatory and Development Authority of India (IRDAI) has asked all the insurance companies to start Saral Pension Plan from April 1, 2021. This is a Standard Individual Immediate Annuity Product. As per Saral Pension Plan, there are only two annuity options – single life annuity, joint life annuity will be available to the insurer. ....

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IRDAI proposes extension of regulatory sandbox guidelines by 2 years

Insurance regulator IRDAI on Tuesday proposed to extend the validity of regulatory sandbox guidelines by two years as the proposals received under it require more time for completion.
To give a fillip to insurance penetration and facilitate innovations in the sector, especially those triggered by technology, the regulator had notified the IRDAI (Regulatory Sandbox) Regulations, 2019 on July 26, 2019.
The regulations are scheduled to expire on July 25, 2021.
The Insurance Regulatory and Development Authority (IRDAI) invited applications for the first cohort of the regulatory sandbox from September 15, 2019 till October 14, 2019. A total of 173 applications were filed with it.
It announced the second cohort for one month starting from September 15, 2020 and received 185 applications. ....

Development Authority , Regulatory Sandbox , Insurance Regulatory , Regulatory Sandbox Regulations , Sandbox Regulations , Irdai Guidelines , வளர்ச்சி அதிகாரம் , ஒழுங்குமுறை சாண்ட்பாக்ஸ் , காப்பீடு ஒழுங்குமுறை , ஒழுங்குமுறை சாண்ட்பாக்ஸ் ஒழுங்குமுறைகள் , சாண்ட்பாக்ஸ் ஒழுங்குமுறைகள் ,