RT Induction Final Assessment Feb 2023

HDFC Life Guaranteed Pension Plan is a non participating deferred pension plan that offers Guaranteed Additions -----% of sum assured on vesting that get accrued for each completed policy year

• 2%

• 4%

• 3%

On death of the life assured under HDFC Life Guaranteed Pension Plan  we would pay to the nominee the Assured Death Benefit 

• 110% of the premiums paid.

• Total premiums paid to date accumulated at a
  guaranteed rate of 6% per annum compounded annually

• Total Premiums paid to date 

HDFC Life Guaranteed Pension Plan pays on survival till the vesting date and on full payment of premiums due throughout the premium paying term, the sum of

• Sum Assured on Vesting

• Guaranteed Addition & Vesting Addition

• Sum Assured on vesting,Guaranteed Addition & Vesting Addition

Vesting Addition calculated on

• 4% of SA

• 6% of SA

• Term x 3% of SA

In Click 2 Achieve under Early income & Income combination there are two types of income benefit a customer can choose. Which are they ?

• Simple or compounding

• Level or Increasing

• None of the above

What is the additional benefits a customer can earn under Click 2 Achieve if the customer opt to defer the survival benefits

• 1.50%

• Reverse Repo Rate

• SBI saving account rate + 1.5%

Upto What % a Policy holder is allowed to reduce his annual premium after 5 years

• 50%

• 25%

• 60%

HDFC Life Guaranteed Pension Plan is a non participating deferred pension plan that offers Guaranteed Additions -----% of sum assured on vesting that get accrued for each completed policy year

• 2%

• 4%

• 3%

Premium Offset available in which all the options?

• Early Income & Money Back

• Money back & Lumpsum

• .Lumpsum & Income

Mr. Rahul, aged 40 years chooses to pay a premium of `5,00,000 p.a. in HDFC Life Guaranteed Wealth Plus for 10 years PPT with a policy term of 41 years .Payout under this plan is Rs.541250.Sum total of Annualized Premiums for 5yrs premiums have been paid and further premiums are unpaid and the policy is not surrendered, the policy will acquire the status of reduced paid up.What would be the  benefits payable under this condition

• Total premiums will refund on Maturity

• Will get Paidup value on maturity

• paid up value of income plus Total premiums paid