Smart Pension Plus

Mr. Anurag is a 60-year-old government employee. He wants to buy HDFC Life Smart Pension Plus with Immediate Life Annuity with Early Returns with sub-options of 50% Return of Premium Paid. He died a few months back. What is the death benefit his nominee will receive? Select the correct answer from the list below.

• The nominee will receive 105% of the premium paid

• The nominee will receive only 80% of the premium paid

• The nominee will receive total premiums paid less survival benefit on milestone age(s) already paid till date of death

• There is no death benefit under this plan

You are in a sales call with Mr. Mahesh, aged 68, is a retired government employee. You are explaining HDFC Life Smart Pension Plus to him. He is interested in knowing the working of the Life Annuity with Return of Premium option if he pays premium for 5 years with a deferment period of 6 years. He wants a yearly annuity payment for his whole life. As a sales representative, what would be your reply? Select the correct answer from the list below.

• Mr. Mahesh will receive an annuity for the rest of his life post deferment period. On his unfortunate demise, the nominee will get back the premiums paid

• Mr. Mahesh will receive his annual annuity immediately and all his premiums will be returned to him till the age of 75

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.

• Yes, the product allows Joint and Single life options

• No, the product allows only single life

Mr. Pulkit Khare, a 47-year-old businessman, is interested in purchasing Smart Pension Plus with Life Annuity Option. He wants a lump sum to be given to his loved ones in case of his unfortunate demise during the deferment period. As a Sales Representative, what should be your reply? Select the correct answer from the list below.

• Yes, death benefit is payable to the nominee of the life assured during the deferment period. Death Benefit will be 105% of the total premium paid

• No, only the balance premiums will be returned to the nominee of the life assured because the life assured had deferred taking annuity

You are on a sales call with a customer who is interested in purchasing HDFC Life Smart Pension Plus. The customer wants to know if he can purchase an additional annuity under this plan? Select the correct answer from the list below.

• Yes, with Supplement Annuity option the customer can purchase additional annuity

• No, this plan does not offer any option to purchase an additional annuity

Mr. Javed is 48 years old, and he is an engineer in a private organization. He wishes to receive the premium paid on attainment of a milestone age. Can HDFC Life Smart Pension Plus Plan be called the right product for him? Select the correct answer from the list below.

• Yes, because the product allows him to receive the premium paid on every milestone with the Early Return option. This option will help him to meet his needs after retirement

• No, he should opt for a product that gives him good returns with a fixed bonus to let him meet his immediate expenses

Can HDFC Life Smart Pension Plus be given by the employer to the employees of an organization as a retirement benefit? Select the correct answer from the list below.

• True

• False

Mr. Sagar is a 50-year-old professor working in a government college. He wants HDFC Life Smart Pension Plus with the Increasing Annuity option with sub-option of '3% p.a simple increase every year. He pays a single premium of ₹ 15 lakhs and a deferment period of 5 years. He wanted to know about the working of his plan. What would FLS Manoj say? Select the correct answer from the list below.

• Mr. Sagar will start receiving guaranteed annuity after the deferment period with a 3% simple increase every year for whole life

• Mr. Sagar will start receiving guaranteed annuity after the end of 1st policy year and 3% simple increase every year for a period of 10 years

Mrs. Priyanka Chaudhary is a 60-year-old self-employed. She had opted for HDFC Life Smart Pension Plus with the Life Annuity option. She pays a single premium of Rs 15 lakhs. What would the Life Annuity option give her? Select the correct answer from the list below.

• Return of premiums

• Maturity benefit on survival

• Annuity for whole life

FLS Kaveri has been able to convince Mr. Ankit Hegde to invest in Smart Pension Plus with the Immediate Life Annuity Early Return option with 100% Return of Premium on a Joint life basis. Mr. Hegde asks her what will happen to the policy after his death. What should Kaveri reply? Select the correct answer from the list below.

• Lifelong guaranteed income will be paid to the second annuitant. Also, if the demise happens before the milestone age, 100% of Total Premiums Paid will be returned to the second annuitant

• No amount will be payable as the joint life option has been chosen

• Total Premiums Paid less survival benefit on milestone age(s) already paid till date of death will be paid to the second annuitant