SRS Quiz

What is the maturity benefit in SRS Life Plus option?

• Return of total paid premium including GST

• Return of total paid basic premium

• 105% of Total paid Basic Premium

• 105% of total paid premium including loading

Life Stage option is available in

• Regular premium

• Limited premium

• Single premium

• In all

A person aged 50 can buy 45 years term in SRS Life option.

• True

• False

Premium payment term of 35 years with policy term of 40 years can be bought under SRS Life Option for a person aged 35.

• True

• False

Premium payment term of 35 years with policy term of 40 years can be bought under SRS Life Plus Option for a person aged 35.

• False

• True

Reduce paid up option is available in SRS Life option.

• After 2 years premium payment

• After 3 years premium payment

• After 5 years premium payment

• Never

Reduce paid up option is available in SRS Life Plus option.

• After 2 years premium payment

• After 3 years premium payment

• After 5 years premium payment

• Never

In SRS Life Plus option RPU is available in limited pay but not in regular pay.

• True

• False

Minimum & maximum policy term in SRS Life option under limited pay is

• 10 & 80

• 10 & 82

• 18 & 50

• 10 & 50

Minimum & maximum policy term in SRS Life Plus option under limited pay 10 is

• 10 & 40

• 10 & 80

• 10 & 82

• 15 & 40