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Retirement insurance also known as pension insurance

Last updated: 4 Sept 2024
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Retirement insurance, also known as pension insurance, is a type of insurance that provides financial protection for individuals in their old age. It typically involves contributions made by the insured person or their employer throughout their working years, which are then paid out as regular income during retirement.

The purpose of retirement insurance is to ensure a steady income stream after retirement, allowing individuals to maintain their quality of life and meet their financial needs. 
 


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