Smart Pension Plus

HDFC Life Smart Pension Plan ensures you have a regular income and lead an independent life without compromising the standard of living after you retire - is an effective sales pitch for a prospect like Ms. Simran, 58, who is nearing her retirement. Identify if the above statement is true or false.

• True

• False 

• None of these Option 

Mr. Anand Agarwal purchased HDFC Life Smart Pension Plan 10 years back. He is currently facing a financial crunch and is in need of some urgent money for his wife's medical treatment. He wants to know if he can avail some more Liquidity under this policy apart from his pension . Select the correct answer from the list below.

• Mr. Agarwal can only take a policy loan.Liquidity option is not allowed in this policy.

• Mr. Agarwal can exercise liquidity option only after completion of the 5 years from the first annuity payout

• Mr. Agarwal can excercise  the liquidity option anytime under this policy

• None of these Options

FLS Nitesh says to Mr. Hrishi that in HDFC Life Smart Pension Plan, life insurance cover is  105% of all premiums paid, including top-up premium. Is he correct? Select the correct answer from the list below.

• True

• False 

• None of these Option 

While discussing Smart Pension Plus Plan, Rahul a sales representative mentions that this is a regular premium non participating non linked annuity product. How will you correct him? Select the correct answer from the list below.

• Smart Pension Plus Plan is a regular premium participating market linked savings plan.

• Smart Pension Plus Plan is a limited premium participating non linked investment plan.

• Smart Pension Plus Plan is a single or  limited premium Premium paying, non linked, non-participating annuity plan

• None of these Options

Mr. Gaikwad is interested in purchasing HDFC Life Smart Pension Plus plan. He wants to know the benefits this plan offers. As a sales representative what will be your reply? Select the correct answer from the list below.

• Guaranteed Annuity Income for whole of life

• One plan cater to both single and joint life

• Flexible payout options to receive annuity

• All are the key benefits offered by this plan

Mr. Joel Mathews is interested in purchasing HDFC Life Smart Pension Plus Plan. He wants to know the maturity benefits this plan offers. What should sales person Sachin tell him? Select the correct answer from the list below.

• This plan offers a guaranteed Maturity benefit payable as a lump sum at the end of policy

• This plan does not offer any Maturity benefit

• This plan offers a guaranteed ROP payable as a lump sum at the end of policy

• None of these Options

You are on a sales call with a prospect who is interested in HDFC Life Smart Pension Plus plan. The client wants to know how long he has to pay the premium in case of the Increasing Annuity option. What would be your reply? Select the correct answer from the list below.

• 
  Single Pay

• 
  Regular Pay

• 
  Limited Pay

• None of these Options

Mr. Rajeev Shah is interested in purchasing HDFC Life Smart Pension Plus Plan. He wants to know the annuity options that are available under this plan. Simran, the sales representative mention the following options: a. Life Annuity b. Life Annuity with Return of % of Total Premiums Paid  c. Increasing Annuity Did she forget to mention any other options offered by this plan? Select the correct answer from the list below.

• No, she had mentioned all the annuity options offered by this plan

• Yes, she forgot to mention about Life Annuity with Early Return option offered by this plan

• Yes, she forgot to mention about Life Annuity with Return of Premium option offered by this plan

• None of these Options

Mrs. Abhilasha Barar, 55, wants to purchase an annuity plan that will ensure she gets immediate payouts. and legacy for her grand children when she is not around. Which plan option of HDFC Life Smart Pension Plan will you advise her to purchase? Select the correct answer from the list below.

• Immediate Annuity Option on single life basis

• Deferred Life Annuity with Return of % of total premium paid on single life basis

• Immediate Life Annuity with Return of % of total premium paid on single life basis

• None of these Options

Mr. Qaadir Hashmi has purchased HDFC Life Smart Pension Plus Early Return option with Deferred Life Annuity. What will his nominee receive in case of his unfortunate demise during the Deferment Period? Select the correct answer from the list below.

• Total premiums paid accumulated at 6% p.a. compounded on a daily basis till end of deferment period minus Total Annuity Payouts made till date of death

• Higher of 105% of the Total Premiums Paid

• Total Premiums Paid accumulated at 7% p.a. till date of death

• Total premiums paid accumulated at 6% p.a. compounded on a daily basis till end of deferment period minus Total Annuity Payouts made till date of maturity