n NISM Certifications
XVII NISM Series XVII
Medium

Under the NPS – All Citizens model, what is the regulation regarding exit due to the subscriber’s death?

Practice question from NISM Series XVII- Retirement Adviser Mock Test 8 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Entire corpus paid to nominee when the deceased turns 60

  2. Entire corpus paid to nominee upon death

    Correct answer

  3. C

    Nominee continues subscription till age 60

  4. D

    Purchase of annuity deferred until age 60

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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