Retire Smart Plus

What is the maximum maturity age under Retire Smart Plus?

• 60 Yrs

• 70 Yrs

• 65 Yrs

• 80 Yrs

How many funds are available under Retire Smart Plus?

• 11 Funds

• 10 Funds

• 8 Funds

• 7 Funds

How much can be withdrawn as lumpsum under the plan?

• Upto 60% of the fund vale

• 100% of fund value

• 50% of fund value

• 33% of fund value

Suppose Mr Suresh Age 35 invests Rs. 1 Lakh every year in Retire Smart Plus and opts for 15 PPT/25 PT combination. The fund value at age 60 is Rs. 1.3 crore (at 12% return) and assume Annuity rate is 5% than how much Lumpsum can be withdrawn, and Annuity will be given under the Retire smart plus plan?

• 78L & Annual Annuity of Rs. 300000 per annum for life time

• 78 Lakh Lumpsum withdrawal and annual annuity of Rs. 2.6Lakh for life time

• 1.3 cr Lumpsum withdrawal and annual annuity of Rs. 3 Lakh for lime

• 1 cr Lumpsum withdrawal and annual annuity of Rs. 3 Lakh for lime

How much lumpsum can be withdrawn at maturity (at one time) under Retire Smart Annuity Plus?

• 33%

• 67%

• 60%

• 100%

What is minimum premium payable under Retire Smart Plus under Regular Pay option?

• Rs. 40000

• Rs.30000

• Rs. 100000

• Rs. 10000

How much would be paid as Death Benefit under Retire Smart Plus?

• 11 times of Annual Premium

• 105% of total premium paid

• Fund value + Terminal addition

• Higher of 2nd & 3rd option

Retire Smart Plus is a traditional plan?

• True

• False

What is the minimum and maximum entry age under Retire Smart Plus?

• 20 & 60 Years

• 30 & 60 Years

• 18 years & 60 Years

• 91 days to 60 Years

How much first year commission & renewal commission paid under Retire Smart Plus to LM?

• 7.5% first year & 2% renewal

• 5% first year & 2.5% renewal

• 5% first year & 2% renewal

• 10% first year & 2% renewal