YES Bank RMs Quiz

The guaranteed income under Deferred Income option, in the Sanchay Par Advantage plan is guaranteed for __________. Select the correct answer from the list below.

• 25 years

• 30 Years

• 100 Years

• Whole Life

Answer explanation

25 years

In Sanchay Plus Guaranteed Income option, the guaranteed income payable during the payout period, for a 35 year male, with a 12 year premium payment term, is 350% of the annualized premiums. Identify whether the above statement is true or false.

• True

• False

Answer explanation

True

What are the minimum and the maximum entry ages for the Sanchay Plus plan, under the limited underwriting option? Select the correct answer from the list below.

• 18 years, 45 years

• 18 years, 45 years

• 18 years, 50 years

• 5 years, 60 years

Answer explanation

5 years, 60 years

Which plan option in HDFC Life Sanchay Plus provides income for whole life (till age 99 years), and return of total premiums paid on completion of the payout term? Select the correct answer from the list below.

• Life Long Income Option

• Long Term Income Option

• Guaranteed Income Option

• All of the above

Answer explanation

Life Long Income Option

The Sanchay Plus plan offers the flexibility to take the guaranteed benefits as a lump sum or as regular income. Identify whether the above statement is true or false.

• True

• True

Answer explanation

True