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?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.
More Insurance Awareness Questions
324 322 640 1914 7648 ? 229368
...Choose the number which is different from others in the group.
30 29 91 446 ? 28217
5 14 56 220 1125 6786
...3 5 7 25 85 481
...There are three series given below which are following with the same pattern.
Series I: 1, 12, 38, 193, 1355
Series II: 6, B, C, D, E
...Direction: Which of the following will replace ‘?’ in the given question?
10, 12, ‘?’, 27, 36, 45, 54, 63, 72
24 25 46 ? 572 2885
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840 400 180 ? 15 -12.5
...
