Pension

What is 2 variant available in PGP plan?

• Immediate and Deferred

• Life annuity and return of ROP

• Increasing annuity and early ROP

Early options available at which age in smart pension plus?

• At age of 85 year

• At age of 75yr , 80yr and 76 to 95yr

• At age of 99year

Advanced Annuity - when is the Option to withdraw present value of annuities as a lump sum at smart pension plus ?

• payable in next 1 to 5 years in advance

• payable in next 1 to 15 years in advance

• payable in next 1 to 10 years in advance

Liquidity In smart pension plus-  To enhance liquidity under the contract, option to receive a lump sum in return of reduction in annuity payments and other benefits (Only for LA with x% ROP)

 only after completion of the 5 years from the first annuity

 Total lump sum benefit availed cannot exceed 60% of the total premiums paid

• Both correct

• option one is correct

• option two is correct

• Both incorrect

True or False-

At smart pension plus Loan can be availed under the options where there is a Return of Premiums Paid..

• False

• True

Sanchay Legacy is pure retirement plan.

True or False

• False

• True

chose correct Smart Pension plus variant from below.

• Immediate Life Annuity

• Immediate Life Annuity with Return of Purchase Price

• Deferred Life Annuity with Return of Purchase Price

• Life Annuity with Return of % of Total Premiums Paid

chose correct PGP from below.

• Life Annuity with Return of % of Total Premiums Paid

• Life Annuity with Early Return

• Immediate Life Annuity

How much corpuses can used to take out as tax free from pension plan

• 40%

• 60%

How Death Benefit during Deferment work on smart pension plus-Life Annuity with Early ROP?

• The death benefit shall be higher of: • Total Premiums paid accumulated at 6%p.a. till the date of death • 105% of Total premiums paid till date of death

• The death benefit shall be higher of: • Total Premiums paid accumulated at 6%p.a. till end of deferment period less Total Annuity Payouts made till date of death • Total Premiums paid LESS Survival benefit on milestone age(s) already paid till date of death.

• In case of sad demise of the life assured during the Annuity Payout Term, Sum Assured on Death will be paid as a lump sum to his/her family and the policy will terminate.