1.

Mention three features of annuity policies.

Answer»

Features of Annuity Policy are as follows: 

a) It is a policy under which the insured amount is payable to the assured by monthly or annual installments after he attains a certain age. 

b) The assured may pay the premium regularly over a certain period or he may pay the premium regularly over a certain period or he may a lump sum of money at the beginning of the Policy. 

c) These policies are useful to persons who wish to provide a regular income for themselves and their dependents.



Discussion

No Comment Found

Related InterviewSolutions