SANCHAY PLUS

Ms. Amrita Kadayam had purchased Sanchay Plus plan with the Long Term Income Option. Will she receive the ROP  at the end of the payout period? 

• Yes. Life Long Income option and Long Term Income option gives Return of Premium at the end of the payout term.

• No, Only Guaranted Income gives Return of Premium at the end of the payout term.

Mr. Anand had purchased Sanchay Plus with the Long Term Income Option for a 8 PPT and 2 year Deferment period. On 11th year instead of regular income he wanted to take the future payouts as a lump sum. Can he do so?

• No, he will  get all future payouts as regular income only

• Yes, On the maturity date, he shall have an option to receive the Guaranteed Sum Assured on Maturity, which under this option, shall be the present value of future payouts.

What will be the death benefit if the customer dies during the payout period under the Long term income option of Sanchay Plus ?

• 105% of paid premium

• Nominee will get income for remaining years of the payout period

• 10 times of annual premium

Minimum and Maximum Entry Age for Guaranteed Maturity Option are?

• 5 - 65

• 50 - 60

• 5 - 60

Deferment Options available under Guaranteed Income Option are?

• 0 & 5

• 0 to 5

• Mandatory 1 year deferment

• 0 to 5 but depends on Premium Payment Term

Under Life long income option, for how long customer will get income after deferment period?

• For Whole life Long

• Upto age of 100 years

• Upto the age of 99 years

• 25 years or 30 years

On the maturity date, you shall have an option to receive the Guaranteed Sum Assured on Maturity, which shall be the present

value of future payouts, discounted at a rate of 9% p.a.

• True

• False

In long term income option combination of ppt 5 and payout 30 years is available plus return of all premium along with last payout .

• True

• False

Mr Mukherjee has purchased Sanchay Plus Long term Income Option for 12 PT and 10 PPT and for 25 years of Income Payout. After 14th year he passed away due to some unfortunate event. What will his nominee recieve now?

• Higher 105% of total premium paid or Death Sum assured

• Income for remaining payout years along with return of premium with last payout or option to take lumpsum at discounted rate

• Income for remaining payout years along with ROP with last payout