This scheme comes with the option of getting a fixed pension ranging from Rs. 1,000 per month, up to Rs. 5,000 per month after reaching 60 years of age.
The regulator has made some changes to insurance pension products on the lines of the National Pension System. All individual pension products will have explicitly defined assured benefit payable on death and vesting.
Apart from meeting top New York-based CEOs, Shringla met New Jersey Governor Phil Murphy as well as some of the major business and community leaders from the neighbouring state.
