Question

What does "Vesting Age" signify in an insurance-cum-pension plan?

a.

The age at which the policyholder becomes eligible to receive pension payments

b.

The age at which the policyholder can surrender the policy for a cash value

c.

The age at which the policyholder can convert the policy into an endowment policy

d.

The age at which the policyholder's beneficiaries become eligible for death benefits

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (a).The age at which the policyholder becomes eligible to receive pension payments Explanation:"Vesting Age" in an insurance-cum-pension plan refers to the age at which the policyholder becomes eligible to start receiving pension payments from the plan.

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Q. What does "Vesting Age" signify in an insurance-cum-pension plan?
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