Team Meet @ Mangalore Life Branch

If an individual opts for HDFC Life Smart Pension Plus but is unable to pay his or her premiums, is he or she expected to get back any surrender value? Select the correct answer from the list below.

• Yes, the policy acquires Guaranteed Surrender Value (GSV) immediately on payment of premium in case of Single Pay and on payment of at least two years’ premiums in case of Limited Pay.

• No, the individual will have to pay all premiums and will then get back half of it in return

Mr. Zeeshan, aged 65 years, invests in HDFC Life Smart Pension Plus by paying a single premium of Rs15 lakhs for a whole life policy term. He opted for Life Annuity with 100% of the total premium paid. He wishes to receive his annual annuity immediately. What would be the death benefit payable to his nominee in case of his unfortunate demise?

Select the correct answer from the list below.

• The nominee will receive 105% of the premium paid

• The nominee will receive 100% of the premium paid

• There is no death benefit in this plan

Mr. Ranbir is a 55-year-old engineer working with a private organization.

He is single and wishes to get an annuity plan such as HDFC Life Smart Pension Plus, along with his brother, Amol. Will it be possible?

Select the correct answer from the list below.

• No, the product allows only single life

• Yes, the product allows Joint and Single life options

Mr. Joe is a 45-year-old scientist. He has opted for HDFC Life Smart Pension Plus for a premium payment term of 5 years. He wishes to receive his annual annuity for his whole life after a deferment period of 10 years.

When will he start getting an annuity if he has chosen a monthly annuity payout frequency?

Select the correct answer from the list below.

• One month after the end of the deferment period

• One year after the deferment period

• 3 months after the deferment period

Mr. Pradeep is a 49-year-old businessman. He wants a plan that would give him an annuity as long as he is alive. Will HDFC Life Smart Pension Plus Plan be the right product for him?

Select the correct answer from the list below.

• Yes, he will be able to get an annuity for the whole of his life

• No, he will get an annuity for a limited period only

Ms. Kritika is 45. She is a professor at a government college. She wants to opt for HDFC Life Smart Pension Plus with the Life Annuity option. She wants her premiums to be returned at the end of the policy term.

What would FLS Rajeev say? Select the correct answer from the list below.

• Return of premiums is not available in this option. She will receive annuity payouts for her whole life

• She will get back all the premiums paid

• Premiums can be waived off in case of a critical illness but not returned

Which of the following is a Key Benefits of Guaranteed Pension Plan?

• Limited Pay Term

• Vesting Addition

• Guaranteed Additions

• All of the above

In Guaranteed Pension Plan, on vesting, what the the maximum amount a customer can withdraw un Section 10(10a)iii?

• 40% tax free commutation

• 50% tax free commutation

• 60% tax free commutation

• 100% tax free commutation

Mr. Ashutosh is 45. He is an architect. He wants an annuity plan that increases his annuity every year which will enable him to maintain his lifestyle. Which option of HDFC Life Smart Pension Plus should FLS Deepak pitch to this customer?

Select the correct answer from the list below.

• Life Annuity

• Life Annuity with ROP

• Increasing Annuity

• None

You are on a sales call with a customer who is interested in purchasing HDFC Life Smart Pension Plus with Life Annuity Early Return. He wants to know what is the survival benefit he receives on choosing the sub-option of 5% of the total premium. As a sales representative, what would be your reply?

Select the correct answer from the list below.

• On survival, the customer will receive an annuity for whole life and, at the age of 75, he will receive 5% of the total premium paid

• On survival, the customer will receive an annuity post deferment period and 5% of the premium paid will be given to the nominee in case of death

• On survival, the customer will receive the annuity less survival benefit of 5% of the total premium paid