Vidyalelo
Commerce · Q425

Insurance

Graduate and Post Graduate · Commerce · question 425

Q425

Which of the below risk cannot be addressed through pensions?

A.
Life longevity
B.
Inflation
C.
Investment risk
D.
Early death
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Early death cannot be addressed through pensions. A minimum qualifying service of 10 years is necessary for eligibility for Pension. The Government has reduced the qualifying service from 33 years to 30 years to become eligible for full Pension with effect from 1.4.2003.