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.
Which of these have signed an MoU with Indian Renewable Energy Development Agency Limited(IREDA) to provide funds for green energy projects?
Which is the largest stadium in Uttar Pradesh?
To promote the export of millets, the government orgnaised a day - long 'Millets - Smart Nutritive Food' Conclave in which state / UT?
During Quit India Movement in Uttar Pradesh, Provisional Government was formed in Ballia under the leadership of?
Which state won the IDCA Under-19 T20 cricket championship in 2024?
Which state is going to host 36th National Games?
What is the total number of Lok Sabha constituency in Uttar Pradesh?
Which state has decided to invest in the ABADHA scheme recently?
Which city ranked 350th in the 2024 Oxford Economics Global Cities Index?
Lusaka is the capital of which of these countries?
