Question

What does an occupational or employer pension refer to?

a.

A pension created by an employer for the benefit of an employee

b.

A self-funded retirement plan

c.

A government-mandated retirement fund

d.

A plan for high-income individuals

Posted under IC38 Life Insurance Agent Exam

Answer: (a).A pension created by an employer for the benefit of an employee Explanation:An occupational or employer pension is a pension created by an employer for the benefit of an employee.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What does an occupational or employer pension refer to?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is the primary purpose of an annuity in the context of retirement planning?

View solution

Q. How is a pension typically provided to individuals upon retirement?

View solution

Q. What is the "vesting date" in the context of pension plans?

View solution

Q. What is an "immediate annuity" in the context of pension plans?

View solution

Q. What is the primary goal of introducing "Saral Pension" by IRDAI?

View solution

Q. How many annuity options are offered by the "Saral Pension" product?

View solution

Q. What is the mode of annuity payment available for "Saral Pension"?

View solution

Q. What is the primary feature of the "Life annuity with 100% Return of Purchase Price" option in "Saral Pension"?

View solution

Q. In the "Joint Life annuity" option of "Saral Pension," what happens on the death of the primary annuitant?

View solution

Q. What is the primary purpose of life insurance products?What does a life insurance policy provide to the near and dear ones of the insured?

View solution

Q. What is the primary purpose of life insurance products?

View solution

Q. What is a key characteristic of term insurance?

View solution

Q. What is the unique selling proposition (USP) of term assurance?

View solution

Q. What is the main difference between term assurance and whole life insurance?

View solution

Q. The premium paid for whole life insurance is _____________ than the premium paid for term assurance.

View solution
View All MCQs on IC38 Life Insurance Agent Exam

Recommended Subjects

Are you eager to expand your knowledge beyond IC38 Life Insurance Agent Exam? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Human Resource Management

Explore the dynamic field of Human Resource Management (HRM) with our dedicated...

Cytogenetics

Delve into the genetic mysteries of chromosomes with our Cytogenetics category....

Life Sciences

Delve into the diverse world of life sciences with our specialized category. Explore...

IC 92 Actuarial Aspects of Product Development

Sharpen your understanding of actuarial principles in product development with our...

Highway Engineering

Navigate the road to efficient transportation with our Highway Engineering category....

Mechanics of Materials

Unlock the principles of Mechanics of Materials with our specialized category. Dive...

General Knowledge

Expand your horizons and stay informed about the world with our General Knowledge...

Concrete Technology

Welcome to Concrete Technology, a category that unravels the secrets behind the...

International Relations

Navigate the complex world of International Relations with our dedicated category....