Smart Income Plan
Authored by Bhavana Bajpai
Special Education
1st - 5th Grade
Used 1+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Smart Income Plan is a Non Participating Plan.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the different Premium Paying options available in Smart Income Plan
6
8
10
all of the above
3.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
The policy term for 12 yerars PPT is
(a)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many Payout options are available in Smart Income Plan
1
2
3
4
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Guaranteed Income Benefit in this Plan is 10% of Basic Sum Assured.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Survival Benefit in Enhanced Maturity option is
Guaranteed Income Benefit (GIB) – 10% of Basic Sum Assured annually in arrears
Guaranteed Income Benefit (GIB) – 10% of Basic Sum Assured annually in arrears + Simple Reversionary Income Bonus (SRIB) – paid annually in arrears
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Maturity benefit in Enhanced Income Option is
Last instalment of GIB + Accrued Simple Reversionary Bonus (SRB) if any + Terminal Bonus (TB) if any
Last instalment of GIB + Accrued & unpaid Simple Reversionary Income Bonus (SRIB), if any + Terminal Bonus (TB), if any
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