Guaranteed Growth Insurance Plan

Pinkee purchased ALI Guaranteed Growth Insurance Plan with an annual premium of Rs 150,000/- in January 2000. From which year will he start getting the guaranteed pay-outs?

• January 2009 End

• January 2011 End

• January 2010 End

• None of mentioned

Yogendra purchased ALI Guaranteed Growth Insurance Plan with an annual premium of Rs 150,000/-. What amount will be given as guaranteed pay-outs to him during the pay-out period

• Rs 225,000 will be paid for each year in payout duration

• Rs. 180,000 will be paid for each year in payout duration

• Rs. 1,50,000 will be paid for each year in payout duration

• None of mentioned

Premium Waiver Benefit is available in ALI GGIP

• False

• True

In case customer unfortunately dies during the pay-out period. What are the options available to Nominee?

• Cash Value of Death Benefit

• 10 times of annual premium will be paid

• Remaining Guaranteed Pay-out will be given as it is

• Full Sum assured

ALI GGIP is a Non-Medical Plan for all ages with Simplified Underwriting process

• True

• False

Age Entry for GGIP

• 8-55 Years

• 7 Days- 55 Years

• 18-55 Years

• 8-50 Years

Select correct options for age & premium conditions (You can select Multiple answers)

• (8-35 Age) Min: 20000/ Max: 3 Lakh Per Annum

• (36-45 Age) Min: 30000/ Max: 3 Lakh Per Annum

• (36-45 Age) Min: 30000/ Max: 2 Lakh Per Annum

• (46-50 Age) Min: 40000/ Max: 1 Lakh Per Annum

Which of mentioned statement is incorrect with respect to Death benefit in case Life assured dies at the end of 8th Year

• Directly 10 times of Annual Premium will be paid & plan will close

• Nominee have two options

• Can Continue plan or Close plan

• If continues plan premiums will be waived of & plan will continue with all benefits

• If closes then death benefit will be paid as per conditions

Is GGIP participating Plan?

• Yes

• No

If Customer is paying premium of 1,00,000, calculate revenue credit

• 65,000/-

• 59,000/-

• 45,000/-

• 40,000/-