Question
The conversion of the account balance of a deferred
annuity contract to income payments is termed as?Solution
Annuitization is the process of converting an annuity investment into a series of periodic income payments. Annuities may be annuitized for a specific period or for the life of the annuitant. Annuity payments may only be made to the annuitant or to the annuitant and a surviving spouse in a joint life arrangement. Annuitants can arrange for beneficiaries to receive a portion of the annuity balance upon their death.
Which state ranked first in UPI transaction intensity as per RBI’s September 2025 bulletin?
Where was the maiden flight-trial of the DRDO Stratospheric Airship Platform conducted?
Which organization signed an MoU with CIM&H, Chennai to advance Indian Medicine and Homoeopathy?
Which district in Odisha has been declared as the fourth Biodiversity Heritage Site?
Where was the foundation stone laid for India’s first integrated private satellite plant mentioned in the news?
- Karnataka will become the first Indian state to finish what kind of antiquities survey?
________ and Siemens Ltd. signed a Memorandum of Understanding (MoU) to demonstrate the feasibility of hydrogen co-firing blended with natural gas.
Centre has allocated ______ for installing 25,000 telecom towers.
On which river is the Nagarjuna Sagar Dam constructed?Â
Recently in Dec, 2022, Prime Minister Narendra Modi to lay the foundation stone and inaugurate projects worth Rs 75,000 crores in which of the following...
