Under Deferred annuity the premium has to be paid

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Under Deferred annuity, the premium has to be paid –

A. In regular instalments

B. In lumpsum

C. Both A & B

D. None of the above

Answer: Option C

Solution (By Examveda Team)

These annuities may be purchased with a single payment or, as is more often the case, with a series of periodic payments.

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