P1 Product Quiz

Mr Samant Seth had bought Sanchay Plus with the Long Term Income Option for a 6 year term. His wife wanted to take the future payouts as a lump sum. Can she do so? Select the correct answer from the list below.

• Yes she can take the future payouts as a lump sum under this plan.

• No, the future payouts under this plan option are payable only as a regular income to the nominee as per the frequency choosen by the policyholder

• No, she will not get any future payouts under this plan option once the life assured passes away.

Amisha is a FLS wants to know what are the new deferment period available in Sanchay Plus  Guaranteed Income Option and long Term Income Option 'Select the correct answer from the list'

• 0-10 years0-10 years

• 0-5 Years

• 0-15 years

Ms Salina Kadam had purchased Sanchay Plus plan with the Long Term Income Option. Will the nominee receive the Return of Premium at the end of the payout period if she passes away?  Select the correct answer from the list below.

• Yes. Guaranteed Income option and Long Term Income option gives Return of Premium at the end of the payout term.

• 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.

Under Sanchay Par Advantge Customer Can choose Return Of Premium Option on Maturity

• TRUE

• FALSE

How many options are available under Sanchay Par Advantage

• Life Option &  Income Option

• Defered Option & Income Option

• Defered Option & Immediate Income

• None of the above

In Sanchay Par advantage plan what is the Maturity Benefit 

• Basic 'Sum assured  and Simple Reversionary Bonus

• Basic 'Sum assured  and Terminal Bonus plus Last Cash Bonus

• Return Of Premium , Terminal Bomus and Last Cash Bonus

• None of the Above

Meena customer age 48 wants a single premium plan with a Joint Life with a death cover of 10 times of annual premium. Suggest a plan to her 'Select the correct answer from the list'

• Sanchay Fixed Maturity Plan would be right option for her.

• Sanchay Plus would be right Option for her

• She can be offered Click to Protect life, Life Protect Option( fixed term) 

What are the riders available in Sanchay FMP? 'Select the correct answer from the list'

• 3 Riders Income Benefit Rider Protect Plus Rider Critical Illness Plus Rider             

• No Riders are available

• Only Critical illness plus rider is available

Mr. Vikram Seth lives with his wife who is a homemaker, and his son who is working. He wants to buy a term plan that will give lump sum benefit to his wife in his absence. He is not looking for any other additional benefit besides life cover as he has planned for his other needs. Which option of Click2Protect Life would you recommend to meet his need?  Select the correct answer from the list below.

• Income Replacement Option

• Income Plus Option

• Life Protect Option

• Extra Life Option

Ms. Gayatri Goswami, age 40 years, an entrepreneur buys the Life Protect option of Click2Protect Life for a policy term of 30 years with regular pay and avails a cover of Rs. 2 Cr.. She made her only daughter her nominee under the plan. She dies at the age of 60 yrs. What will her nominee receive in this case? Select the correct answer from the list below.

• On death of the Life Assured , her nominee will receive 50 % of the Sum Assured amount.

• On death of the Life Assured , her nominee will receive a lump sum of Rs. 2 Cr.

• On death of the Life Assured , her nominee will receive 60 % of the Sum Assured amount on death and balance at the end of policy term..

• On death of the Life Assured , her nominee will receive the amount that has been paid as premium till date.