n NISM Certifications
XVII NISM Series XVII
Medium

What is the default annuity option under the National Pension System?

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

    Annuity with return of purchase price on death

  2. Annuity payable for life at a fixed rate

    Correct answer

  3. C

    100% spouse annuity from LIC after death

  4. D

    50% spouse annuity after death

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

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