Day - 3

What will a term plan provides?

• Maturity benefit

• Survival Benefit

• Death benefit

• Bonus

What is the benefit of Accidental Death Cover?

• Income of 1% of Sum Assured for next 10 years

• Lump sum amount of 50% of Sum Assured

• Based Sum Assured

• 100% Sum Assured equal to Base policy

What is the Critical Illness benefit?

• Sum Assured of base policy

• Sum assured of Critical Illness as a lumpsum

• 50% of Critical illness Sum Assured

• None of the above

How will Income Benefit of Accidental Disability rider works?

• A lumpsum amount of rider Sum Assured

• 0.1% of Sum Assured of rider for life long

• 100% of Base policy Sum Assured in installments

• 1% of Rider sum assured /month for 10 years

What are PAR plans?

• Plans that will linked Market returns

• Plans that will give Guaranteed returns

• Plans that will participate in Surplus of Insurer

• Plans that will provide only Maturity benfit

Who should bare the risk of Investment Plans?

• Insurer

• FLS

• Customer

• Both Insurer and Customer

When can a customer take Policy Loan?

• In the 1st Policy Year itself

• In the 2nd Policy Year

• After the renewal of 2nd Policy year

• After Policy Conversion

What is the full form of NAV?

• Notian Aligned Value

• Normal Asset Value

• Net Asset Value

• Non Par Asset Value

What is Smart Exit Benefit?

• Customer can take back premiums after 10 years

• Customer can take Premiums after 40 years

• Customer can take premiums back after 30 years

• Customer can take premiums back after 30 years to before last 5 policy years

Who will decide the policy conversion ?

• Branch Operations

• FLS

• Under Writing

• Customer