LIC chosen as default NPS annuity service provider

Pension fund regulator PFRDA has chosen state-run LIC as the default annuity service provider for subscribers exiting from New Pension System (NPS) and seeking withdrawal of accumulated pension wealth. Read more

Investment, not protection motive behind life insurance

Life insurance has a sole motive of securing the financial goals of a family in case the bread earner fails to do so due to some unfortunate event. The life cover provided by a life insurance policy comes in handy when the policyholder is not around and the family needs to continue their lives. Read more