Day 2

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?

• Unit linked insurance plan

• Traditional plan

• Annuity plan

• Universal plan

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.

• True

• False

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?

• PAR Plan

• Annuity Plan

• Non-PAR Plan

• ULIP

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.

• 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

Mr Priyam is interested in buying Click 2 Protect Life plan with Life Protect option to provide financial protection to his family. He wants to know whether Whole Life coverage is available under the chosen option?

• Yes, whole life coverage is available under the Life Protect option

• No, whole life coverage is not available under the Life protect option

_______ provide additional benefits at cheapr cost in an insurance plan.

• Riders

• Bonus

• Human Life Value (HLV)

Critical Illness is a rider offered with HDFC Life insurance plans.

• True

• False