Day 2 - Second Half

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. Which option of Click to Protect Life will suit her best?.

• 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. Select the correct answer from the list below.

• Riders

• Bonus

• Human Life Value (HLV)

• ULIPs

Critical Illness is a rider offered with HDFC Life insurance plans. Identify whether the above statement is true or false.

• TRUE

• FALSE

Under this type of life insurance plan, bonus is declared only if the insurer makes a profit. Which type of plan is this? Select the correct answer from the list below. 

• ULIP

• Non PAR

• PAR

• Annuity

The Non PAR type of life insurance plan provides a guaranteed amount on maturity, but does not participate in the profits of the life insurance company. Identify whether the above statement is true or false.

• FALSE

• TRUE

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. Identify whether the above statement is true or false.

• TRUE

• FALSE

In a ULIP, which charge is levied every month for providing a risk cover and a death cover to the life assured? Select the correct answer from the list below. 

• Premium allocation charge

• Policy administration charge

• Fund management charge

• Mortality charge

In a ULIP, which of the following charges vary from fund to fund and are charged before arriving at the net asset value (NAV)? Select the correct answer from the list below.

• Policy administration charge

• Mortality charge

• Fund management charge

• Premium allocation charge