Gujarat Training

What is the minimum and maximum entry age in GAIN?

• 0-65

• 18-65

• 0-60

• 18-60

In GAIN Plan, Can I change the income frequency mode during the income payout period?

• Yes

• No

What is the Min. & Max. Annualized Premiums allowed in GAIN?

• Min. 30,000 & Max No Limit

• Min. 36,000 & Max No Limit

• Min. 25,000 & Max No Limit

• Min. 20,000 & Max No Limit

What is the minimum and maximum age of maturity in GAIN?

• Min. 18 & Max 75

• Min. 18 & Max 85

• Min 18 & Max 60

• Min 18 & Max 99

What is the deferment period in the Early Income Option of GAIN?

• Min. 0 & Max 5 Years

• Min. 0 & Max 10 Years

• No Deferrment Period

• 1 Year Deferrment period is Mandatory

Does the customer have the option to accumulate the Survival Benefits (Guaranteed Income) in the policy and withdraw it as needed inGain Plan?

• Yes, Accumulation of Survival Benefits is not allowed.

• No, Accumulation of Survival Benefits is not allowed.

How many times a policyholder can Increase/Decrease the Sum Assured in Wealth Edge Plan?

• Maximum Once during the Policy Term

• Maximum Two Times during the Policy Term

• Maximum Three Times during the Policy Term

• Maximum Five Times during the Policy Term

When can a policyholder opt for Loss Protector Strategy (LPS) in Wealth Edge Plan?

• Only at inception of the policy

• At any time in the Premium Payment Term

• Either at inception or at any time later in the Premium Payment Term

• LPS is not available in Wealth Edge

Mr. Rajeshwar has opted for the ‘Systematic Withdrawal Option (SWO)" under Wealth Edge Plan. How would the payouts be paid to Mr. Rajeshwar under SWO?

• A.      SWO Payout will start from 11th Policy Year onwards till the end of the Policy Term or till the time of termination of option

• SWO Payout will start from 10th Policy Year onwards and thereafter every 5th year excluding Policy Maturity

How much wealth booster will be added to the fund on the 10th Policy Year, provided all the due premiums are received till that time?

• 0.5% of the average Fund Value of the last 60 monthly Policy Anniversaries

• A.      1.5% of the average Fund Value of the last 60 monthly Policy Anniversaries

• 2.90% of the average Fund Value of the last 60 monthly Policy Anniversaries

• 3.00% of the average Fund Value of the last 60 monthly Policy Anniversaries