e-Term & KASP Quiz

Insurance is Classified into

• Life

• Non-Life

• Reinsurance

• All of the Above

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

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

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

Premium Payment Term and Policy Term in KASP are

• PPT 10yr

• Policy Term 15yr

• PPT 5yr

• Policy Term 20yr

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

The Returns in KASP are

• Guaranteed

• Given at end of 15th or 20th Year

• Partially Guaranteed

• Given at end of 10th or 15th yr

Kotak Assured Savings Plan can be Bought by

• Customer age 3 - 60

• Those who want a One time Lump Sum Amount

• Those who have 15yr or 20 yr Goal

• All of the Above

Premium Payment Terms available in e-Term are

• Single Premium

• Regular Premium

• Limited Premium of 5, 7, 10, 15, Pay till 60

• All of the Above

Conditions to purchase e-Term are

• Graduation and Above

• Salaried with 5L + annual Income

• Self Employed with 10L + Annual Income

• All of the Above