NISM Series XVII: Retirement Adviser Certification Examination Notes
Page 105 Of 110
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Annuity Default Contract: Provides life annuity with return of purchase price.
NPS Exit Regulations: Mandate annuity purchase and lump sum options.
Subscriber Eligibility: Open to citizens aged 18-70, including NRIs.
Grievance Turnaround: Acknowledgment within 3 days; resolution within 30 days.
PFRDA Appeals: Allow appeals within 30 days of Ombudsman decisions.
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