A working group of the Insurance Regulatory and Development Authority of India (IRDAI) has called for the need to reintroduce index-linked insurance products. This comes at a time when the investment markets are volatile, resulting in customers preferring guaranteed returns. This, in turn, has increased the balance sheet risk of insurers. Hence, the working group is of the opinion that the index-linked insurance products can be an appropriate alternative or complimentary option to the current conventional guaranteed products and unit-linked policies.
Nine big financial changes that you must watch out for in October
Read More