
Sanchay Plus Quiz
Authored by Rajat Kumar
Professional Development
Professional Development
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In Guaranteed income option of Sanchay Plus plan, will customer get the return of premium at the end of payout term.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In life long income option of Sanchay Plus, what is the minimum & maximum entry age.
50-60
40-70
5-60
18-50
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