GIIP and Sanchay Plus

Guaranteed Income Insurance plan offers flexibility to choose income period from ______ years

• 8,10

• 12,15,20

• 25, 30

• All of the above

Guaranteed Income is paid as percentage of the ___________

• Premium

• Sum Assured

Option to receive income in Guaranteed Income Insurance Plan can be _______________

• only monthly

• either monthly or half yearly

• either monthly or yearly

Guaranteed Death Benefit -

Customer can opt for any of the settlement options for Guaranteed Death Benefit

• Option A - 100% of GDB is paid as lumpsum

• Option B - 110% of GDB is paid 60 equal monthly installments

• Any 1 of the options

Rahul age 35 years, pays premium for 12 years and chooses policy term of 42 years - for many years will he receive payout?

• 13

• 30

• 12

• 42

Sanchay Plus is Traditional Par Plan

• True

• False

Sanchay Plus - Guaranteed income option allows customer to choose premium payment frequency from

• 7 to 12 years

• 7 to 11 years

• 7 to 10 years

• 7 to 9 years

Under the Long Term Income option of Sanchay Plus - income can be taken for ______________ years

• 25

• 30

• 25 or 30 years

. 

The enhanced for high premium policies is applicable for ____________________

• Rs. 1,50,001 and above

• Rs. 2,50,001 and above

• Rs. 5,50,001 and above