Which of the following standard immediate annuity

Solution

The Insurance Regulatory and Development Authority of India (IRDAI) has asked life insurance companies to offer a standard immediate scheme called 'Saral Pension' in order to reduce the problems faced by policyholders. Insurance providers will launch the Saral Pension Scheme on 1 April 2021. Pension is an essential source of income that helps you fulfill your post-retirement financial needs. This product aims to make it easier for buyers to make an educated decision, boost the relationship between the insurers and the insured, and decrease all mis-selling and possible conflicts.