NISM 10B Investment Adviser Level 2 Notes
Page 39 Of 180
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Deferred Annuity: Income begins after a deferment period.
Joint Life Annuity: Covers both spouses, continuing after one’s death.
Guaranteed Period Annuity: Pays for a fixed term, even if the annuitant dies.
Return of Purchase Price: Returns premium to nominees on annuitant’s death.
NPS Tier-I: Primary retirement account with restricted withdrawals.
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