Sanchay Plus Quiz

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, Guaranteed Income Option and Life Long Income option 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

In Guaranteed income option of Sanchay Plus plan, will customer get the return of premium at the end of payout term.

• True

• False

In life long income option of Sanchay Plus, what is the minimum & maximum entry age.

• 50-60

• 40-70

• 5-60

• 18-50