QROPS

"QROPS" stands for

• Qualified Recognised Overseas Pension Scheme
• Qualifying Recognised Overseas Pension Scheme
• Quantity Registered Overseas Pension Scheme

QROPS facilitates transfers of pension funds from _________ to India

• UK
• US
• Both
• None

QROPS programme was launched on _________?

• 6^th April 2005
• 6^th April 2009
• 6^th April 2008
• 6^th April 2006

Which products can be bought by customer using QROPS funds?

• Any available plans
• Only pension plans
• Only whole life plans
• Only Endownment plans

According to regulations UK fund houses are bound to transfer fund within _________ from date of receiving complete set of documents?

• 6 months
• 3 months
• 9 months
• 2 months

Who can apply for QROPS ?
1) Person having residence status as Indian.
2) Person residing in UK.
3) Person having pension pot in UK.

• 1 & 2
• 2 & 3
• 1 & 3
• All of the above

After transfering funds into QROPS, If customers wants to cancel the policy in free look, what will customer recieve?

• 1/3^rd of total corpus
• Full amount
• Funds will be transferred to UK

Customer can choose to invest 75% of QROPS funds in
HDFC LIFE pension plan and use remaining 25% for personal use?

• True
• False

It is mandatory to have HDFC BANK account to get annuity processed?

• True
• False

Mr. Vispi Bhatena was paying premium for National Insurance & Pension Plan in UK, can he transfer both the funds in QROPS?

• True
• False