Vidyalelo
Commerce · Q800

Insurance

Graduate and Post Graduate · Commerce · question 800

Q800

The facility to withdraw 1/3rd of the accumulated amount at the time of retirement is called

A.
Switching
B.
Commutation
Answer
C.
Taxing
D.
Encashment

Answer: Option B

Solution

Answer: Option B
Solution:
The facility to withdraw 1/3rd of the accumulated amount at the time of retirement is called Commutation.