Defined Contribution scheme is also known as –
A. Pension purchase scheme
B. Postpone and purchase scheme
C. Switch and purchase scheme
D. Money purchase scheme
Answer: Option D
Solution(By Examveda Team)
Defined contribution (DC) schemes are occupational pension schemes where your own contributions and your employer's contributions are both invested and the proceeds used to buy a pension and/or other benefits at retirement.Related Questions on Insurance
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