PFRDA is not Happy with Annuity Schemes

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PFRDA is not Happy with Annuity Schemes

Pension regulator PFRDA, is disappointed with the performance of annuity schemes. Annuity schemes are generally offered by life insurers. Annuity schemes have two phases, the accumulation phase and the distribution phase. Accumulation phase is the time period, when an annuity investor is in the early stages of building up cash value of the annuity.
indexDistribution phase is the time period, when the…

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