Question
Which of the following is not a type of pension fund in
India?Solution
Defined benefit plan, defined contribution plan, and hybrid pension plan are all types of pension plans that exist in India. However, there is no such thing as a unit-linked pension plan in India. Unit-linked insurance plans (ULIPs) are a type of investment product offered by insurance companies that allow investors to invest in a mix of equity and debt securities. Hence, option D is correct.
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