n NISM Certifications
XVII NISM Series XVII
Medium

Which statement accurately describes 'Immediate Annuity'?

Practice question from NISM Series XVII- Retirement Adviser Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Annuity rates are fixed by IRDAI

  2. B

    It is available only for immediate dependents

  3. C

    Payments are adjusted for inflation over time

  4. Payments start immediately upon purchase, depending on chosen frequency

    Correct answer

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

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