PFRDA announces standard insurance term plan; Check out all the benefits here!
Zee Business was the first to inform its readers and viewers that the Insurance Regulatory and Development Authority (IRDAI) is introducing a standard term policy plan and the regulator has announced the Standard Term Plan or ‘Saral Jeevan Bima’. Different companies will have different term life insurance plans
One of the conditions with the term plan was that the insurance buyer was required to have an annual income between Rs 2-5 lakhs. This condition has been removed in the Standard Term Plan. Source: PTI