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October 06, 2017 08:30:06 IST
Guaranteed returns for golden years? Go for annuitiesConservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh The Insurance Regulatory and Development Authority of India (Irdai) recently asked the Life Insurance Corporation (LIC) to lower the return it offers on its immediate annuity plan, Jeevan Akshay. The regulator wants the rate to be aligned with the 10-year government securities (G-sec) yield, which is currently at around 6.58 per cent. This news has brought annuities into focus.