SINGLE PREMIUM OPTION FOR UNIT-LINKED PENSION PLANS

Posted: 23 Oct 2010 08:23 AM PDT

After the initial hesitation, some of the private sector life insurance companies are launching unit-linked pension plans, but only with a single premium option. While ICICI Prudential has recently launched its single premium unit-linked pension plan, despite getting approval last month, SBI Life has filed its single premium pension plan with the Insurance Regulatory and Development Authority (IRDA) and is awaiting approval. LIC leads the pack None of the private sector life insurance...

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