News From Press IRDAI eases annuities purchasing rules for NPS retirees, allows digital life certificate

IRDAI eases annuities purchasing rules for NPS retirees, allows digital life certificate

Source: Mint Sep 14, 2022

To bring ease of living for NPS retirees, the Insurance Regulatory and Development Authority of India (IRDAI) has relaxed the requirement of submitting a separate proposal form for taking the Immediate Annuity products from proceeds of the National Pension Scheme (NPS). In the current scenario, NPS retirees submit an exit form to NPS and a proposal form to insurers at the time of superannuation.

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