Readiness Assessment 2-9th Jan'23 2nd day 2nd Half

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

Mr Suren Chhetri is working with a reputed pharma company in Sales executive profile. His job involves lot of travel. He wants to know if he can get add on cover for accidental death under the Click 2 Protect Life plan. Which plan option should he select to get this benefit?

• Life Protect option

• Income Plus option

• Extra Life option

• Life & Critical Illness Rebalance option

_______ provide additional benefits at cheapr cost in an insurance plan. Select the correct answer from the list below.

• Riders

• Bonus

• Human Life Value (HLV)

• ULIPs

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

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