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Minimum limits for annuities and other benefits secured by policies offered by life insurers:
No life insurer shall pay or undertake to pay an amount of benefit excluding any profit or bonus on any policy of insurance issued, of less than

i. an annuity of Rupees one hundred per annum

ii. a gross sum of Rupees one thousand

Provided that this shall not prevent an insurer from converting any policy into a paid-up policy of any value or payment of surrender value of any amount.


Insurance Regulatory and Development Authority, Minimum limits for annuities and other benefits




Address:-
Insurance Regulatory and Development Authority
3rd Floor, Parisrama Bhavan, Basheer Bagh HYDERABAD 500 004
Telangana State (INDIA)

Phone:-
(040) 23381100