Do You Know???? Knowledge Series....SFPS

In SFPS Minimum & Maximum age at entry is _____ & ______

• 91 Days & 85 Years

• 18 Years & 50 Years

• 18 Years & 60 Years

• 91 Days & 50 Years

In SFPS minimum & maximum Base Plan Sum assured is ______ & _____

• 25L & 1CR

• 50L & 1CR

• 75L & 2.25CR

• 50L & 2.25CR

In SFPS, PPT options are ________

• 5 / 10 / 15

• 5 / 10 / 15 / 20

• 10 / 15 / 20

• 10 / 15

SFPS is a combination of ______

• FWAP + SSPP

• FWP + CIDSR

• FWP + CIDR

• PWP + SSPP

For a standard life, minimum declared annual income for graduate & above should be _______

• >= 3L

• >= 5L

• >= 7L

• >= 10L

For age upto 45, standard life, Graduate & above with minimum declared income >= 5.0L, Financial underwriting waiver upto 2.25CR is there if CIBIL score is ______

• >=650

• >=600

• >=750

• >=700

In a year, in SFPS, after lock in period of 5 years, customer can make a partial withdrawal of maximum upto _____ of Fund Value

• 15%

• 25%

• 35%

• 50%

If customer has made partial withdrawal, then for next how many years his/her sum assured/death benefit will be affected?

• 2Years

• 3Years

• 4Years

• 5Years

Case study on effect of partial withdrawal on death benefit.

Assume Fund value in 6th year is 10L, base sum assured is 1.0CR. Customer makes a partial withdrawal of 2.0L from Fund Value for child education purpose. In 7th policy year, in an unfortunate event, death of L2BI(Customer) happens.

How much amount will be paid to Nominee as death benefit?

• 8L

• 10L

• 98L

• 1.0CR

How many investment strategies can be offered to customer?

(Customer has to select any one. Most common investment strategy is "Self Managed Portfolio Strategy".)

• 2

• 3

• 4

• 5