@Kailash Chand , Based on my research on Intune new and Microsoft Endpoint Manager support for iOS 14 blog, it seems we don't have this new setting published on Intune yet.
https://techcommunity.microsoft.com/t5/intune-customer-success/microsoft-endpoint-manager-support-for-ios-14-ipados-14-and/ba-p/1671452
https://learn.microsoft.com/en-us/mem/intune/fundamentals/whats-new
Here, we can feedback on Intune uservoice for this new feature request and monitor the above two articles to see if this feature will be added in the future.
https://microsoftintune.uservoice.com/forums/291681-ideas
Thanks for the understanding and have a nice day!.
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