SSPP

1. Under SSPP, Nominee has the flexibility to choose from these claim payout options

• A) Lumpsum (100% of the Guaranteed Death Benefit)

• B) Monthly Income (120 monthly installments)

• C) Part Lumpsum and Part Monthly Income (in multiples of 10% of Sum Assured)

• D) Any of the above

2. Under SSPP, what are the benefits of Limited Pay TROP for a Seller?

• A) Higher case size

  
  

• B) Increase in absolute earnings

• C) Higher WPC

• D) All of the above

* 3. Under SSPP, what are the benefits of Limited Pay TROP for a Customer?

• A. Get over liabilities faster

• B. Lesser outflow on GST

• C. Return of all premiums on maturity

• D. All of the above

* 4. Under SSPP, policy loan facility is available.

• A. Yes

• B. No

* 5. Under SSPP, what is the maximum accident cover that can be given to the customer?

• A. 2 Crore

• B. 50 Lakhs

• C. 1 Crore

• D. 1.5 Crore

* 6. Under SSPP, the minimum and maximum policy term for base cover is ______________

• A. Minimum: 10 years, Maximum: 50 years

• B. Minimum: 5 years, Maximum: 67 years

• C. Minimum: 10 years, Maximum: 57 years

• D. Minimum: 10 years, Maximum: 67 years

* 7. When can a customer opt for Voluntary Sum Assured Top Up under SSPP?

• A. Post 2 years of the policy term, can be opted twice

• B. Post 1 year of the policy term, can be opted only once

• C. Post 90 days of the policy term, can be opted only once

• D. Post 2 years of the policy term, can be opted only once

8. Under SSPP, when can a customer opt for FIRST premium break?

• A. Post first 10 years

• B. Post first 12 years

• C. Post first 20 years

• D. 1Post first 22 years

* 9. Under SSPP, the Limited Pay Options are:

• A. 5 Pay, 10 Pay, 12 Pay, 15 Pay & Pay till 60

• B. 5 Pay, 10 Pay & Pay till 60

• C. 5 Pay, 15 Pay & Pay till 60

• D. 12 Pay, 15 Pay & Pay till 60

* 10. When can a customer opt for SECOND premium break under SSPP?

• A. Post a period of 12 years from the first premium break

• B. Post a period of 15 years from the first premium break

• C. Post a period of 10 years from the first premium break

• D. Post a period of 11 years from the first premium break