Smart Income Plan

Smart Income Plan is a Non Participating Plan.

• True

• False

What are the different Premium Paying options available in Smart Income Plan

• 6

• 8

• 10

• all of the above

The policy term for 12 yerars PPT is

How many Payout options are available in Smart Income Plan

• 1

• 2

• 3

• 4

Guaranteed Income Benefit in this Plan is 10% of Basic Sum Assured.

• True

• False

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

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

The policy can be surrendered if at least ______full years’ premiums are paid.

• 1

• 2

• 3

• 4

GIB will commence on completion of two years from the end of premium payment term till the end of the policy term minus 1 year, as survival benefit

• True

• False