[amp_mcq option1=”1 and 2″ option2=”3 and 4″ option3=”All of the above” option4=”None of the above” correct=”option3″]
The correct answer is: C. All of the above
The National Pension Scheme (NPS) is a defined contribution pension scheme launched by the Government of India in 2004. It is a voluntary scheme for all citizens of India, including government employees, private sector employees, and self-employed persons. The NPS offers a number of features, including tax benefits, portability, and flexibility.
The Public Provident Fund (PPF) is a government-backed savings scheme that offers tax benefits and a guaranteed return. The PPF is a popular investment option for individuals who are looking to save for retirement.
The Employee Provident Fund (EPF) is a mandatory provident fund scheme for all employees in the organized sector. The EPF is managed by the Employees’ Provident Fund Organisation (EPFO), a statutory body under the Ministry of Labour and Employment.
Annuity plans with life cover are a type of life insurance policy that provides a guaranteed income stream for the policyholder after retirement. Annuity plans with life cover also offer a death benefit in case the policyholder dies before the end of the policy term.
All of the above are types of pension funds in India.