Question

What is the primary goal of introducing "Saral Pension" by IRDAI?

a.

To increase competition among insurers

b.

To create complex annuity schemes

c.

To standardize immediate annuity products

d.

To reduce the trust between insurers and the insured

Answer: (c).To standardize immediate annuity products Explanation:The primary goal of introducing "Saral Pension" by IRDAI is to standardize immediate annuity products, making it easier for customers to make informed choices and reducing mis-selling.

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Q. What is the primary goal of introducing "Saral Pension" by IRDAI?

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