Chandana SIngh's SPA Quiz

Mrs. Sulakshana Pandey, aged 25 years, works with a primary school. She has recently got married and her husband Mr. Sushil Pandey is a lawyer. Mrs. Pandey wants to buy HDFC Life Sanchay Par Advantage plan. She wants to know whether the plan will allow her to accrue her entire survival benefit payouts for a very long time and receive it at a time when her family needs it the most. What will you tell her?Select the correct answer from the list below.

• Yes. This plan will allow her to accrue her survival benefit payouts and take the accumulated payouts in future to meet an exigency.

• No. This plan does not have any such feature.

Mr. Vikramaditya Ganatra, aged 45 years, runs a car spare parts business. The focus of his life is to provide financial protection to his family so that if something happens to him, he can rest in peace that his family will not have to compromise on their standard of living. Which benefit of HDFC Life Sanchay Par Advantage will you pitch to him?Select the correct answer from the list below.

• This plan provides insurance coverage to the life assured up to the age of 100 years. It also provides death benefit to the nominee(s) in case of the unfortunate demise of the life assured.

• In case of his unfortunate demise, his nominees can get the policy converted in their names and get regular income with which they will be able to maintain the same living standard.

Mrs. Kamini Tipnis, aged 50 years, has purchased HDFC Life Sanchay Par Advantage with the Deferred Income option for a 12 year premium payment term to get a guaranteed income during her old age. For what duration will she receive her guaranteed income?Select the correct answer from the list below.

• 20 years

• 25 years

• 30 years

• 10 years

Mr. Vinay Kulkarni, aged 45 years, works in a multinational bank. He has invested in property, fixed deposits and pension schemes. He is concerned about his income being sufficient for the old age needs as he doesn't want to depend on his children in his golden years. Is HDFC Life Sanchay Par Advantage the right product for him?Select the correct answer from the list below.

• Yes, HDFC Life Sanchay Par Advantage will provide him insurance cover and lifelong regular income till the age of 100 years.

• No. He should not look at other instruments. He has already invested in other instruments. There is no need of making any further investment.

Mr. Ramanathan Murugan, aged 46 years, works with a bank. He is married and his son has completed his graduation. He plans to take voluntary retirement after five years but does not want to spend from his retirement income for too long to pay premiums. Mr. Murugan wants to buy HDFC Life Sanchay Par Advantage. Which feature of this plan do you think will help Mr. Murugan?Select the correct answer from the list below.

• With this plan, he will be able to get regular income which will enable him to his pay premiums regularly.

• This plan offers the choice of paying premiums for 6, 8, 10 or 12 years. He may choose any of the premium payment terms and get income till the age of 100 years!

Mr. Hridayanath Adhikaari is a 37 year old software engineer with a multinational company. Mr. Adhikaari is married with two children. His wife is a home maker and his parents are dependent on him. He wants to have an additional income right from the start of an insurance policy. Which benefit of HDFC Life Sanchay Par Advantage will you pitch to him?Select the correct answer from the list below.

• He will start getting regular income under the Deferred Income option, one year after the premium payment term gets over.

• He will get survival benefit payouts from the first policy year under the Immediate Income option of this plan. The survival benefit payouts will serve the purpose of an additional income which he is looking for.

Mr. Binny George, aged 29 years, works with an IT firm and is getting married soon. He has invested in deposit schemes and government bonds. With his changing life stage and increased responsibility along with that, he wants to opt for financial security so that in future if something happens to him, his wife and children stay financially protected. Will you recommend HDFC Life Sanchay Par Advantage to him?Select the correct answer from the list below.

• Yes. This plan will provide a regular income. It will also help him build a corpus and create a legacy for his dependents. This plan will give a death benefit to his nominee in case of his demise.

• No. He has sufficient investments in various financial instruments and his income will grow with time. His dependents will have enough financial security.

Mr. Shivam Sharma, aged 32 years, is married with two small children. He is the sole breadwinner and needs an insurance plan which will give him a regular income to meet his expenses of daily life. Would you recommend HDFC Life Sanchay Par Advantage to him? Select the correct answer from the list below.

• Yes. This plan will give him survival benefit payouts as regular income which he can use to meet his expenses of daily life.

• No. This plan provides a lump sum amount only on death of the life assured or on maturity of the policy.

Mr. Aakaash Dedhia wants to purchase HDFC Life Sanchay Par Advantage plan. He wants to know whether he will start receiving survival benefit payouts right from the first policy year. What will you tell him?Select the correct answer from the list below.

• Yes, the Immediate Income option of this plan provides survival benefit payouts from the first policy year.

• No. Immediate Income option of this plan does not provide any survival benefit payout.

Mr. Aadarsh Khuraanaa, aged 41 years, is a teacher in a reputed school. His goal is to provide financial protection to himself and his family for a long time. He wants to know how HDFC Life Sanchay Par Advantage will help him achieve his goal. Which benefit of the plan will you pitch to him?Select the correct answer from the list below.

• This plan provides insurance coverage to the life assured up to the age of 100 years on payment of premiums for a limited period of 6, 8, 10 or 12 years.

• No. This plan does not provide any such benefit.