Train The Trainer - QUIZ

Who is the CEO and MD of HDFC Life? Select the correct answer from the list below.

• Mr. Deepak Parekh

• Mr. Suresh Badami

• Ms. Vibha Padalkar

The EPICC values in HDFC Life stand for which of these set of values?

• Excellence, People Engagement, Innovation, Career Orientation, Culture

• Excellence, People Engagement, Integrity, Customer-centricity, Collaboration

• Experience, Patience, Innovation, Career Orientation, Culture

• Experience, Patience, Innovation, Customer-centricity, Collaboration

Which of the following is true about HDFCLife?

• Came into existence on October 23 2000

• Came into existence on October 13 2000

• Was Licensed on Oct 23 2000

• Was Licensed on Oct 13 2000

HDFC Life is a joint venture between...

• HDFC LTD & Standard Life

• HDFC Bank & Standard Life

• HDFC Ltd & Abrdn plc (Formerly Standard Life Aberdeen plc)

• HDFC MF & Credilla

Mohit is a client 45 yrs old wish to purchase Guranteed income option in single pay. After few payouts he wishes to take remaining payouts in lumsum. Can he do that ? If yes how much amount it will be ?

• Yes. It would be the present value of future payouts, discounted at a rate of 9% p.a

• Yes. It would be the future value of current payouts, discounted at a rate of 9% p.a

• No. He can not avail this feature

Mr Ganesh is 45 aged, purchased Sanchay Plus with Guaranteed Income Option for 10 PPT & 2 years deferment. What will be his maturity benefit ? Select the Correct Answer from the list below.

• He will receive guaranteed payouts for 25 or 30 years as chosen by the client at the inception along with an option to take lump sum at a discounted rate

• He will receive guaranteed payouts for 10 or 12 years as chosen by the client at the inception along with an option to take lump sum at a discounted rate

• He will receive a lump sum payout at the end of the 12th year

Mr. Harsha has opted for Sanchay Plus Long Term Income option. He wants to understand what is the maturity benefit in this policy ? Select the correct answer from the list below.

• Maturity beneift paid as lump sum at the end of the Policy Term

• guaranteed income for a fixed term of 10 or 12 years starting from (Policy Term + 1)th year in arrears.

• guaranteed income from (Policy Term + 1)th year in arrears till individual attains age 99 years.

• guaranteed income for a fixed term of 25 or 30 years starting from (Policy Term + 1)th year in arrears

Mr Girdhar, wants to save for his daughter's higher eductaion & marriage. He has invested his money in FDs & Mutual Funds. He is worried about his family in case something unfortunate happens to him. How will you convince him to buy our Sanchay Par Advantage plan ? Select the correct answer from the list below.

• No. He must look for some other investments in the equity market for ensuring his family's financial protection

• Yes. This plan provides him whole life cover. In case of his demise during the policy term. The plan will also offer regular payouts every year.

• No. He must purchase term plan for ensuring his family's financial protection.

Mr. Kishan wants to understand the major difference between Immediate income & Deferred Income options of Sanchay Par Adbantage Plan. What will you tell him ? Select the correct answer from the list below.

• The immediate option allows payouts to begin even a month after the policy begins. The deferred income option provides a guaranteed income for 25 years along with cash bonus after PPT + 1 year

• In addition to the cash bonuses as regular income, a lump sum amount at maturity and the death benefit, deferred income option provides accidental death benefit.

• In addition to cash bonuses as regular income, a lump sum amount at maturity and the death benefit, Deferred Income option provides assured vesting benefit.

If the total premiums paid in NON ULIP plans exceeds Rs. 5,00,000 in any year, the insurance company deducts ____% of TDS from the capital gain ? Select the correct answer from the list below.

• 31.2%

• 5%

• 10%

• 12.5%