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

Answer: Option A

Solution(By Examveda Team)

Uninsured plan is usually funded pension or retirement plan not providing for the guarantee of benefits by an insurance company.