Why Pensions are said to represent the flip side of life insurance?

Why Pensions are said to represent the flip side of life insurance? Correct Answer Both A & B

Pensions are said to represent the flip side of life insurance because Life insurance provides protection against premature death whereas pension covers the contingency of living too long and In life insurance premium payments result in creation of sum assured. In case of pensions, the corpus gets liquidated by regular income payments.
Bissoy MCQ

Related Questions

According to a survey of business firms in a certain city, 750 firms offer their employees health insurance , 640 offer dental insurance and 280 offer health insurance and dental insurance. How many firms offer their employees health insurance or dental
In triangle PQR length of the side QR is less than twice the length of the side PQ by 2 cm. Length of the side PR exceeds the length of the side PQ by 10 cm. The perimeter is 40 cm. the length of the smallest side of the triangle PQR is:
The functional difference between SR flip-flop and JK flip-flop is that
When an inverter is placed between both inputs of an SR flip-flop, the resulting flip-flop is
Computers use thousands of flip-flops. To coordinate the overall action, a common signal called the _____ is sent to each flip-flop.
Which country was the first in introduce old age pensions?
Which of the below risk cannot be addressed through pensions?
What is the basic contingency associated with pensions?
Who provides public pensions?
Who provides Occupational pensions?