Q810
Which one of the following statement is correct?
A.
Every Annuity is pension
B.
Every Pension is an Annuity
AnswerC.
Both A & B
D.
None of the above
Answer: Option B
Solution
Answer: Option B
Solution:
Every Pension is an Annuity. Pension scheme gives an opportunity to invest and accumulate savings and get lump sum amount as regular income through annuity plan on retirement.