The insurance industry’s move into a risk-based capital (RBC) regime is expected to take more than three years to be implemented in the country. Under this regime, the capital required will be based on the entity and the type of business that it writes. However, industry players are of the view that a ‘one size fits all’ model cannot be implemented in India.
I have Rs 12 lakh in surplus. Should I prepay my home loan or invest for monthly income of Rs 25-30k?
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