SIGNIFICANT STRIDES MADE IN PENSION AND INSURANCE COVER PROVIDING SOCIAL SECURITY OVER THE YEARS

India, Jan. 29 -- The Government of India has issued a release:

Significant strides have been made in providing social security cover to citizens in terms of pension and insurance, highlighted the Economic Survey tabled by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, in Parliament today. India's regulatory bodies for insurance and pension - IRDAI and PFRDA - have advanced reforms to deepen financial inclusion and extend protection to underserved segments, the Survey added.

Pension Sector

The Survey highlights that the Pension Fund Regulatory Development Authority (PFRDA) has laid the groundwork for a vibrant pension system, offering a range of options for its users and covering a broad population bracket. Ind...