Index-Linked Insurance Policies Current Affairs, GK & News

What are Index-Linked Insurance Policies?

Recently, a committee was set up by the Insurance Regulatory and Development Authority of India (IRDAI) on the request of some insurers. The committee has recommended to introduce the index-linked insurance policies (ILIPs). Index-linked insurance policies (ILIPs) The returns coming from the ILIPs will be linked to benchmark indices. ILIPs are the Insurance products linked ..