Annuity belongs to

A. One where the annuity amount is fixed (guaranteed)

B. One where the annuity amount is variable (linked to investment performance)

C. Both A & B

D. None of the above

Answer: Option C

Solution(By Examveda Team)

Annuity belongs to one where the annuity amount is fixed (guaranteed) and one where the annuity amount is variable (linked to investment performance).