GIIPension

Death Benefit in HDFC Life Guaranteed Income Insurance Plan is the higher of: Select the correct answer from the list below.

• a) 10 times of annualized premium b) Sum Assured c) 105% of the premiums paid

• a) 11% of the premiums paid b) 50% of the Sum Assured c) Guaranteed Additions over and above Sum Assured

Mrs. Shazia, age 60, is a retiree. Her husband passed away three years ago. Her children are settled in different cities. How can HDFC Life Guaranteed Income Insurance Plan help this customer? Select the correct answer from the list below

• a) Guaranteed income can take care of liabilities such as home loan or car loan, unforeseen medical conditions etc. b) Discipline to set aside a share of income in insurance c) Life cover during the payout period

• a) With GIIP, she will not be dependent upon her children for needs such as food, utility bills, insurance premiums and medical expenses b) Fixed guaranteed returns can ensure a pension for the rest of her life

a) With GIIP, she will not be dependent upon her children for needs such as food, utility bills, insurance premiums and medical expenses b) Fixed guaranteed returns can ensure a pension for the rest of her life

• Yes

• No

A strong _________________ drives the customers while choosing a savings insurance plan. Select the correct answer from the list below.

• sense of profit

• sense of security

• sense of fear

A very attractive sales pitch of HDFC Life Guaranteed Income Insurance Plan for a salaried individual will be: Select the correct answer from the list below.

• Retire early, get payouts as a passive stream of income

• Income at fixed intervals allows you to pursue your hobbies / undertake a dream vacation and allows you to maintain your current lifestyle

• Fixed guaranteed returns can ensure pension for the next 20 30 years

When does HDFC Life Guaranteed Income Insurance Plan offer the family income payout option? Select the correct answer from the list below.

• On maturity

• On completing 10 policy years

• On death

• On completing 25 policy years

An effective sales pitch of HDFC Life Guaranteed Income Insurance Plan for a retired or nearing retirement person will be: Select the correct answer from the list below.

• Life cover during the payout period will give you peace of mind in case of any contingencies

• Fixed guaranteed returns can ensure pension for the next 20 30 years

The guaranteed payouts received from HDFC Life Guaranteed Income Insurance Plan eliminate the re-investment risk of losing money to market dynamics. Identify if the above statement is true or false.

• True

• False

In HDFC Life Guaranteed Income Insurance Plan, if the age of the life assured is greater than or equal to 12 years, the risk cover will commence immediately. Which means full death benefit will be payable from the date of commencement of the policy. Identify if the above statement is true or false.

• True

• False

Mr. Nandkishore, age 40, has opted for HDFC Life Guaranteed Income Insurance Plan with a premium payment term of 12 years and a policy term of 42 years. He will pay ₹ 5 lakhs every year. When will his policy start giving him the payouts and at what age can he expect to get a maturity benefit? Select the correct answer from the list below.

• Payouts of chosen frequency will start from the 14th policy year and the maturity benefit will be given at the age of 80

• 
  Payouts of chosen frequency will start from the 13th policy year and the maturity benefit will be given at the age of 82