Final guidelines for pension products in India
By Richard Holloway and Sanket Kawatkar
21 November 2011
India’s Insurance Regulatory and Development Authority (IRDA) has released final regulations that apply to unit-linked, non-linked, and variable insurance plan pension products, and individual as well as group products. IRDA has removed the requirement in the draft guidelines to offer guaranteed annuity rates, but many other industry suggestions were not implemented. It is still unknown if the final guidelines will help revive the flagging pension sector.