Day 2 - Second Half

Terminal Bonus will not be payable for policies which have been surrendered or which have acquired paid-up value.

Identify whether the above statement is true or false.

• TRUE

• FALSE

If a policy matures between two successive bonus declaration dates, the bonus payable to the policyholder is calculated for the remaining days from the last bonus date. This type of bonus is called Interim Bonus.

Identify whether the above statement is true or false.

• FALSE

• TRUE

Under this type of life insurance plan, bonus is declared only if the insurer makes a profit. Which type of plan is this?

Select the correct answer from the list below.

• ULIP

• Non PAR

• PAR

• Annuity

The Non PAR type of life insurance plan provides a guaranteed amount on maturity, but does not participate in the profits of the life insurance company.

Identify whether the above statement is true or false.

• FALSE

• TRUE

Ms Poonam Wadekar,aged 48 years is working with an MNC . She lives with her husband and has no children. She wants to have life cover and would also like to supplement her pension post retirement which is due in next 12 years.

Which option of Click to Protect Life will suit her best?.

• Life Protect option

• Income Plus option

• Life & Critical Illness Rebalance option