A pension scheme in which the funds are managed by the insurance company is called –

A Uninsured pension scheme
B Insured Pension scheme
C Both A & B
D None of the above

Correct Answer: Insured Pension scheme

Pension insurance contract is an insurance contract that specifies pension plan contributions to an insurance undertaking in exchange for which the pension plan benefits will be paid when the members reach a specified retirement age or on earlier exit of members from the plan.
Bissoy MCQ
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Related Questions

A pension scheme in which the employer manages fund through a trust and pays pension thro purchase of an annuity from a life insurance company is called
A Uninsured pension scheme
B Insured Pension scheme
C Both A & B
D None of the above
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
A 920
B 1,100
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D 1,030
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A Pension Provider to Annuitant
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A commodity markets
B fund-available markets
C derivative exchange markets
D financial markets
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A Whether the job is office or field-based
B The normal retirement age in relation to the job
C Whether the job is in the public or private sector
D Whether the job is manual or non-manual
National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year
A 1997
B 1998
C 1999
D 2000
Mr. Zaman is insured completely for Tk. 1,50,000 against damages to his machinery. For any damage over Tk. 1,50,000 the insurance company will pay Tk. 1,50,000 plus 15% of the additional damage. For a recent accident, Mr. Zaman was paid Tk. 1,56,000 by the insurance company. What was the total amount to the damage estimated?
A Tk. 1,04,000
B Tk. 90,000
C Tk. 40,000
D Tk. 80,000
Mr. Rahman is insured completely for Tk. 50,000 of damages to his machinery. For any damage above Tk. 50,000 the insurance company will pay Tk. 50,000 plus 20% of the rest of the damage amount. For a recent accident, Mr. Rahman was paid Tk. 56,000 by the insurance company. What was the total amount of the damage estimated?
A Tk. 30,000
B Tk. 280,000
C Tk. 104,000
D Tk. 80,000
Mr. Rahman is insured completely for Tk. 50,000 of damages to his machinery. For any damage above Tk. 50,000, the insurance company will pay Tk. 50,000 plus 20% of the rest of the damage amount. For a recent accident, Mr. Rahman was paid Tk. 56,000 by the insurance company. What was the total amount of the damage estimated?
A Tk. 30,000
B Tk. 2,80,000
C Tk. 1,04,000
D Tk. 80,000
Mr. Jaman is insured completely for Tk. 1,50,000 against damages to his machinery. For any damage over Tk. 1,50,000, the insurance company will pay Tk. 1,50,000 plus plus only 15% of the additional damage. For a recent accident, Mr. Jaman was paid Tk. 1,50,000 by the insurance company. What was the total amount of the damage estimated?
A Tk. 1,04,000
B Tk. 90,000
C Tk. 40,000
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