GIIP

While discussing the Guaranteed Income Insurance Plan (GIIP), Raghav, a sales representative, mentions that this is a participating non-linked saving plan. Is he correct? If no, please correct him. Select the correct answer from the list below.

• No. GIIP is a non-participating market linked savings plan.

• No. GIIP is a non-participating, non linked savings plan

• No. GIIP is a non-participating non- linked retirement plan.

• Yes. GIIP is a participating non-linked saving plan

Mr. Atul is interested in purchasing an HDFC Life Guaranteed Income Insurance plan. He wants to know the benefits this plan offers. As a sales representative, what would be your reply? Select the correct answer from the list below.

• Life cover during Income Period

• Better returns for investors across all ages

• Short Term and Long Term Income Options

• All are the key benefits offered by this plan

Mrs. Archana Singh is interested in purchasing an HDFC Life Guaranteed Income Insurance plan. She wants to know the maturity benefits this plan offers. What should sales person Mohit tell him? Select the correct answer from the list below.

• 
  Maturity benefit is equal to Sum Assured plus all installments of guaranteed income

• Maturity benefit is equal to Basic Sum Assured

• This plan does not offer any maturity benefit as there are recurring income provided for long term

HDFC Life Guaranteed Income Insurance plan assures only guaranteed maturity benefits while other benefits will vary basis the market dynamics. Identify whether the above statement is true or false.

• True

• False

Mr. Shetty is interested in purchasing an HDFC Life Guaranteed Income Insurance plan. He wants to know the death benefit this plan offers? Select the correct answer from the list below.

• 
  105% of the Total Premiums Paid

• 
  No Benefits will be paid upon death under this option

• Highest of: 10 times of annualized premium, or Sum Assured, or 105% of the premiums paid

What is the death benefit payable in the Family Income Payout option of HDFC Life Guaranteed Income Insurance plan? Select the correct answer from the list below.

• 110% of the Guaranteed Death Benefit paid in 60 equal monthly installments

• 105% of the Guaranteed Death Benefit paid in 20 equal monthly installments

• No benefits will be paid upon death under this option

You are on a sales call with a prospect for the HDFC Life Guaranteed Income Insurance plan. The client wants to know what is the premium paying criteria offered by this plan. What would be your reply? Select the correct answer from the list below.

• Single Pay

• Limited Pay

• Regular Pay

The maximum age at entry in the HDFC Life Guaranteed Income Insurance plan is ....................years. Select the correct answer from the list below.

• 55

• 65

• 75

• 85