PFRDA mulls option to help annuity buyers

As of now, subscribers having a corpus of over Rs 2 lakh at the time of retirement or attaining the age of 60 years need to buy an annuity, offered by insurance companies, on a mandatory basis. They can take out the remaining 60% as a lump sum.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/pfrda-mulls-option-to-help-annuity-buyers/articleshow/82114712.cms