POS Grip

POS Grip belongs to which category of insurance plan

• Term

• Non Participatory

• Participatory

• Unit Linked

Can a customer buy this plan for his child?

• Yes

• No

• Yes, only if the child is below 18 years of age

• Not sure

The returns of Pos Grip plan are

• 100% guaranteed

• Guaranteed additions + variable bonus

• Guaranteed additions + reversionary bonus + terminal bonus (if declared)

• Linked to market performance

The maximum premium in this plan is

• Subject to underwriting

• Depends upon age of the customer

• Depends upon income of the customer

• Limited to 1 Lakh per life assured

The income proof required for the plan is

• Salary slip for salaried customer

• ITR for businessman and self employed

• No income proof needed

• Bank statements for housewife or minor

The maturity benefit for 18 years of Policy term will be____ % of Basic Sum Assured

• 225%

• 285%

• 305%

• 315%

The basic sum assured of the plan depends upon

• Age of the customer at the time of buying the policy

• Policy term and Premium paying term selected

• Annual Premium

• All of the above

Who can not buy this policy?

• Housewife

• Father for a minor child

• Resident Indian

• NRI

The death benefit given to the nominee is

• Basic Sum Assured

• 10 times annual premium

• 10 times annual premium + accrued guaranteed additions

• No death benefit is given in this plan

Currently the plan is offered to a customer with the CIBIL score

• Above 500

• Above 599

• No limit on CIBIL Score

• CIBIL Score should not be 0