------ is an annual payment made by a life insurance company in consideration form a lump sum received.

Related MCQs

• An annual payment which an insurer guarantees to pay for lump sum money received in the beginning is called ………….
• In case of inter-company holdings, the purchasing company, at the time of payment of the purchase consideration, surrenders the shares in the vendor company by crediting:
• Under net payment method, purchase consideration includes all payments made to the share holders in the form of ---------
• While preparing the books of the transferee company in purchase method, the difference between purchase consideration and share capital of the transferor company should be adjusted in -------------
• The excess of purchase consideration over net assets of the transferor company acquired by the transferee company should be recognized as -------- in purchase method
• In purchase method, the excess of net asset of the transferor company acquired by the transferee company over the purchase consideration should be recognized as ------------
• On an equity share of Rs. 20, the company has called up Rs. 16 but Rs.14 has been received by the company, the share capital account should be credited by ……
• Valuation balance sheet is prepared by a life insurance company to find out
• The consideration in insurance for covering the risk is called ………….
• When purchasing company pays purchase consideration, it will be debited to