IRDAI relaxes the NPS norms: Done away with the requirement of submitting a separate form to buy annuity from NPS proceeds at the time of retirement

Insurance regulator IRDAI on Tuesday (13.08.2022) said it has done away with the requirement of submitting a separate form to buy an annuity from NPS proceeds at the time of retirement.To bring ease of living for senior citizens, IRDAI has relaxed the requirement of submitting a separate proposal form for taking the immediate annuity products…