📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug âš¡ Enroll Now

    Question

    A contract between you and an insurance company in which

    you make a lumpsum paymentor a series of payments and in return obtain regular disbursements beginning either immediately or at some point in the future is called?
    A term insurance Correct Answer Incorrect Answer
    B annuity plan Correct Answer Incorrect Answer
    C ULIP Correct Answer Incorrect Answer
    D hybrid policy Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    An annuity is a plan that helps you to get a regular payment for life after making a lump sum investment. The life insurance company invests the money of the investor and pays back the returns generated from it.

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call