Super Friday week1 final

In LGP Max Life Payor Rider provides policy continuance benefit in case of  death or disability of the payor

• This rider can be taken only if the life insured is minor

• This rider can be taken only if the Policyholder & life insured is same

• This rider can be taken only if the Policyholder is different from life insured.

• none of the above

Terminal Illness Benefit in LGP

• Coverage- up to 50% of GMSA paid upfront on diagnosis of a terminal illness

• Coverage- up to 100% of GMSA paid upfront on diagnosis of a terminal illness

• Coverage- up to 90% of GMSA paid upfront on diagnosis of a terminal illness

• Coverage- up to 60% of GMSA paid upfront on diagnosis of a terminal illness

What are the Bonus Options available in LGP??

• Premium Offset & Paid in Cash

• PUA & Paid in Cash

• PUA & Premium Offset

• PUA, Premium Offset, Paid in Cash

What is the minimum loan amount would be given to customer?

• 50000 & 50% of SV

• 20000 & 50% of SV

• 20000 & 10% of SV

• 10000 & 50% of SV

Life gain Premier is a ________ plan

• ULIP

• Par

• NON Par

• money back

In MIAP, income can be received in monthly/annually mode

• True

• False

Survival Benefit(Income Benefit) for MIAP​

• Equal to 1/12 of 10% of Sum assured

• Equal to 1/5 of 10% of Sum assured

• Equal to 1/10 of 10% of Sum assured

• Equal to 1/12 of 20% of Sum assure

Maturity benefit in MIAP

• Simple Reversionary & Terminal bonus

• Compound Reversionary bonus & Terminal bonus

• GMSA & terminal bonus

• GMSA & Reversionary bonus

In MIAP customer can choose​ _____   years as income period

• 10/20/30

• 10/15/20/25

• 15/25/35

• 10/15/25

Death benefit in MIAP

• Lump-sum Benefit

• Policy Continuance Benefit

• both