Quiz on Sambandh Meet_ 040524

Full form of HLV...?

• Head Life Value

• Human Lifestyle Value

• Human Life Value

• Head Lifestyle Value

Under this type of life insurance plan, bonus is declared by the insurer

• ULIP

• Annuity

• Non PAR

• PAR

In Guaranteed Wealth Plus plan, what are the maturity variants available?

• Enhanced Income Variant

• Income Variant

• Lump sum Variant

• Lump sum Variant and Income Variant

This bonus is declared annually throughout the term of the policy and will be attached to policy. What type of bonus is this?

• Terminal Bonus

• Interim Bonus

• Discretionary Bonus

• Reversionary Bonus

In Guaranteed Wealth Plus Plan, what will be received as a maturity benefit post completion of the policy term.

• 50% of the total premiums paid

• 75% of the total premiums paid

• 100% of the total premiums paid

• 200% of the total premiums paid

The Benefit Illustration should be duly signed by the customer post the same is explained by the sales person.

State whether the statement is True Or False.

• FALSE

• TRUE

One time bonus which is generally declared at the time of contract ending. What type of bonus is this?

• Terminal Bonus

• Interim Bonus

• Discretionary Bonus

• Reversionary Bonus

Identify the unique feature that describes Guaranteed Wealth Plus Plan.

• Life Cover for the full policy term

• Short term market investment

• Guaranteed Quarterly Income

Benefit Illustration is an important document which shows the policy holders personal and policy details and the future benefit that will be received in the policy lifetime.

Identify whether the statement is correct or not.

• FALSE

• TRUE

In Guaranteed Wealth Plus plan, the policyholder can avail loan after paying 1 full years premium .

Identify whether the above statement is True Or False

• TRUE

• FALSE