NAICOM issues fresh annuity rules to insurance firms

NAICOM issues fresh annuity rules to insurance firms

The National Insurance Commission has issued fresh regulations on annuity business with effect from February 1, 2025, in a bid to sanitise that segment of the market. An annuity is a contract between you and an insurance company that requires the insurer to make payments to you, either immediately or in the future. You get

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