Sanchay FMP Quiz

What will be the maturity benefit under Sanchay Fixed Maturity Plan?

• Sum Assured Plus Accrued Reversionary Bonus

• Sum Assured plus ROP

• Sum Assured on Maturity. Where, Sum Assured on Maturity is equal to (Annualized Premium or Single Premium) x Guaranteed Maturity Multiple (GMM).

What are the benefits available in Sanchay FMP?

• Lump-sum on maturity

• Income after PPT

What is the death benefit in Sanchay FMP

• 10 Times of Annual Premium at Inception

• 7 Times of Annual premium at Inception

• 20 Times of Annual premium at inception

What is policy term available in Sanchay FMP under limited & regular pay.

• 10-40

• 15-35

• 10-20

• 15-25

Ram has taken a Sanchay FMP under limited pay & paid 4 years premium, he wants to surrender the policy now. Can he do so??

• yes he can do as after paying 2 years premium, policy will acquired a Guaranteed surrender value

• No, as he has paid only 4 premiums.

• Minimum 6 premium are required to pay.