Annuity Quiz: NIA and PGP

Mr. Jai is an NPS subscriber and is now looking for a annuity plan. He wants a plan which offers pension to him and his wife. Which option will be suitable for him?

• Life Annuity with Critical Illness

• Joint life Annuity with ROPP

• Single Life Annuity

• NPS

Mr. Pankaj wants to buy New Immediate Annuity plan along with his son who is 15years old. Can he do so?

• Yes

• No

How many illness are getting covered in Life Annuity with ROPP on diagnosis of Critical Illness

• 36

• 9

• 6

• 19

Can we offer loans in Annuity plans?

• Yes

• No

What is the maximum entry age to subscribe annuity in NIA and PGP?

• 60

• 58

• 85

• 100

Which option of annuity will you suggest to the customer who wants pension to himself and he doesn't have any dependants?

• Single Life Annuity with ROPP

• Joint life Annuity with ROPP

• Single Life Annuity

• Life Annuity with ROPP on Critical Illness

What is the minimum entry age in PGP?

• 45

• 30

• 85

• 60

Which premium payment options are available in Annuity plans like PGP and NIA

• Limited pay

• Regular pay

• Single Pay

What are the payout frequencies available in NIA and PGP?

• Yearly

• Monthly

• Quarterly

• Semi-annually

• All of the above

Mrs. Kapoor wants to understand death benefit after Mr. Kapoor's death. Mr. Kapoor had purchased Life Annuity option of NIA?

• No death benefit will be paid

• 100% return of purchase price will be given

• 50% return of purchase price will be given

• 105% of purchase price will be given