New 55% Off on All Courses - Enroll Now! Click Here

    Question

    What happens if a subscriber to the PM-SYM scheme dies

    before the age of 60?
    A The spouse of the subscriber receives a reduced pension. Correct Answer Incorrect Answer
    B The subscriber’s contributions are forfeited. Correct Answer Incorrect Answer
    C The scheme provides a life insurance payout. Correct Answer Incorrect Answer
    D The spouse of the subscriber can continue contributing and receive the pension. Correct Answer Incorrect Answer
    E The scheme automatically transfers to the subscriber's children. Correct Answer Incorrect Answer

    Solution

    If a subscriber dies before reaching the age of 60, the spouse is entitled to receive 50% of the pension as a family pension. This provision ensures financial security for the family in the event of the subscriber's death.

    Practice Next

    Relevant for Exams: