Flexi Income PLI

What are the unique features of Flexi Income?

• Premium Offset

• Auto Cover Continuance

• Accrual of Guaranteed Income Benefit

• Express Claim Relief

• All of the above

Which feature below is unique in Early Income with Policy Continuation Benefit?

• Regular Income

• Lumpsum at the end of Policy Term

• Waiver of future premium

• None of the above

When is the Auto Debit Booster benefit paid to the policy holder under Flexi Income Option

• Paid on 1st and the end of the policy term

• Paid at the 5th and end of the PPT

• Paid at the end of the PPT

• Paid at the end of the Policy term

How does the Premium Offset feature work?

• Customer can choose not to pay the premium

• Customer can adjust the premium payable from the maturity benefit

• Customer can adjust the premium payable from the survival benefit

• Customer can choose to pay the premium at the end of PPT

What is the tenure for Auto-continuance cover during which protection is extended to life assured?

• 3 years

• 2 years

• Till the end of PPT

• 1 year

After how many years of policy being in force does Auto cover continuance is applicable?

• After 2 years of policy being in force

• After 1 year of policy being in force

• After 3 years of policy being in force

• From the beginning of the policy

What benefit is paid to the customer under Express Claim Relief (ECR)?

• Death Sum Assured

• Maturity Benefit

• 100% of total premiums paid till the date of death

• 50% of total premiums paid till the date of death

How much is the loan provided under Flexi Income Option?

• 70% of Surrender Value

• 85% of Surrender Value

• 75% of Surrender Value

• 100% of Surrender Value

How does Accrual of Guaranteed Income Benefit work?

• Allows customer to accumulate the Guaranteed Income instead of payouts during Policy term

• Allows customer to accrue the boosters during the policy term

• Allows customer to accrue the discounts in the policy

Can the accumulated Guaranteed Income be used to offset the Premium?

• Yes

• No