Question
An annuity that is bought as one nears retirement age so
that the annuitant can start receiving payments as soon as the initial investment is made, is known as ___________Solution
An immediate annuity is a plan wherein the premium is paid in lump-sum and not multiple number of times. With the immediate annuity contract, an individual will receive a guaranteed payout at regular interval of time. An immediate annuity should be bought by those individuals who are at the verge of retirement and are looking forward to receiving income every month with immediate effect.
Match the following:
Which Indian state recently became the first to implement a 'Right to Water' law?
- Which of the following crops is cultivated during the monsoon (Kharif) season?
The Ministry of Education's recently launched PM-YUVA 3.0 (Young, Upcoming, and Versatile Authors) scheme mentors young authors below what age?
What is India’s first indigenous aircraft carrier called?
- In economic terminology, what does the acronym 'BoP' represent?
- What is the full form of SLR, an important tool used by RBI to control money supply?
Recently, where was the first Joint Commanders’ Conference (JCC) held?
- Which social reformer worked for the advancement of the Ezhava community in Kerala?
Which technology was used to discover a lost Mayan city in the Mexican jungle?
