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e-Term & KASP Quiz

Authored by Arul D

Business

Professional Development

10 Questions

Used 1+ times

e-Term & KASP Quiz
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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Insurance is Classified into

Life

Non-Life

Reinsurance

All of the Above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Minimum and Maximum Entry Age and Policy Term in e-Term is

18 - 65, 5 - 85

18-60, 5-65

3-60, 5-60

18-55, 5 - 55

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Unique Selling Points of e-Term are

Step - UP to Increase Sum Assured

Special Exit Value as Return of Premium

5% Discount on 1Yr Premium for Salaried and Existing Customers

All of the Above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Death Benefit or Life Cover in KASP is

11 times of Annual Premium

10 times of Annual Premium

7 times of Annual Premium

11 times of Annual Premium + Guaranteed Yearly Additions

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Premium Payment Term and Policy Term in KASP are

PPT 10yr

Policy Term 15yr

PPT 5yr

Policy Term 20yr

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Life Guardian benefit Rider features

Should be Added when Proposer and Policy Holder are different

Max Age of Proposer must be 50 or less

Premiums are waived off if Proposer meets with Risk during Premium Payment Term

All of the Above

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The Returns in KASP are

Guaranteed

Given at end of 15th or 20th Year

Partially Guaranteed

Given at end of 10th or 15th yr

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