Systematic Retirement Plan

Systematic Retirement Plan

Professional Development

6 Qs

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Systematic Retirement Plan

Systematic Retirement Plan

Assessment

Quiz

Other

Professional Development

Practice Problem

Medium

Created by

Ajit Kumar Singh

Used 3+ times

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6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

HDFC Life Systematic Retirement Plan allows a prospect to start small and save consistently for retirement. Identify whether the above statement is true or false.

True

False

Answer explanation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which opportunity does HDFC Life Systematic Retirement Plan allow to a customer with limited capital? Select the correct answer from the list below.


To opt for premium payment and deferment period options of less than 5 years and derive additional annuity

To purchase an annuity without investing large capital which is facilitated through limited premium payment feature and premium payment options

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In HDFC Life Systematic Retirement Plan, death benefit is payable after deferment in __________. Select the correct answer from the list below.

Life annuity option

Life Annuity with ROP option

Both the plan options

Sub

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

HDFC Life Systematic Retirement Plan gives you the option to plan your income if you want to retire early in life. Identify whether the above statement is true or false.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

HDFC Life Systematic Retirement Plan can be given to a customer within 24 hours and without medicals, subject to closure of Further Requests (FRs), if any. Select the correct answer from the list below.

No

Yes

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identify the group of people who can opt for HDFC Life Systematic Retirement Plan on behalf of their parents and pay a part of their premium regularly to create a retirement kitty for them. Select the correct answer from the list below.


Pre-retirees - 45 to 54 age group


Breadwinners - all age groups


Early adopters - 35 to 44 age group

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