Day 2-First Half

Day 2-First Half

Professional Development

5 Qs

quiz-placeholder

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Day 2-First Half

Day 2-First Half

Assessment

Quiz

Business

Professional Development

Practice Problem

Medium

Created by

Shweta Choubey

Used 1+ times

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mr. Ajit Paswan has recently purchased a life insurance plan. In this plan type the life insurance company invests mostly in debt instruments. He will receive life cover and maturity benefit in the plan includes sum assured and declared bonus. Which of these category of plans, has he purchased? Select the correct answer from the list below.

Unit linked insurance plan

Traditional plan

Annuity plan

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Unit-linked Life Insurance Plans (ULIPs) allow a customer to participate in the market (equity and/or debt) to invest their money and also offer a life cover. Identify whether the above statement is true or false.

TRUE

FALSE

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mr. Purab Shetty has purchased  a life insurance plan. Under this plan he will receive a guaranteed amount on maturity. The plan does not participate in the profits of the life insurance company. Which of the following insurance plan has he purchased? Select the correct answer from the list below.

PAR Plan

Annuity Plan

Non-PAR Plan

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ms Sucheta Gupta, aged 39 years, is an architect by profession and married to Rahul who is a Doctor. She is having a 5 years old son. Identify which could be her Top 2 financial needs?

• Life Cover • Tax Planning

• Life Cover • Children future financial planning

• Retirement Planning • Life Cover

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mr Tambe,aged 42 years is a senior manager in a MNC, living with his homemaker wife and 12 year old daughter. During the conversation he has told you that he already has adequate life cover and has no liabilities. Identify which financial needs you may talk about, with her?

• Life Cover • Estate planning

• Life Cover • Children future financial planning

• Retirement Planning • Life Cover

• Children future financial planning • Health Contingencies

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