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.
Union Budget 2019: The government has taken this a step further by providing pre-populated tax forms to taxpayers with information from their Form 26AS, financial transactions and government bodies such as banks and EPFO link
Even a Lloyd’s Underinsurance Report last year had estimated that India has the second-largest global underinsurance. In the last two decades, India suffered losses of $80 billion, according to a report by the United Nation
Points of presence (PoP) using services of aggregators or payment gateways such as SBI ePay or BillDesk for processing NPS contributions will now have to display the fees and settlement time for transactions on their websites
In NCDs, the investor's exposure is to a single company and any default may wipe out the entire capital invested. As NCDs are not liquid, is not easy to sell the bonds even in the secondary market as trading remains very thin