Product Quiz - SPA-GPP

What is the premium payment terms are available under Immediate Income option, in the Sanchay Par Advantage plan?

• 5,6,7,8,9,10,12 years

• 6,7,8,9,10,12 years

• 5,6,7,8,9,10 years

• 7,8,9,10,12 years

Mrs. Shah is interested to invest in HDFC Life Sanchay Par Advantage. She wants to know the benefits offered by the scheme. Which of the following benefits is appropriate for FLS Janki to pitch to the customer?

• Assured vesting benefit

• Regular income in the form of survival benefit payouts as a cash bonus 

• Enhanced protection from the second policy year on payment of top-up premium

• only Single premium policy

Select the correct premium payment term option available under the Guaranteed Pension Plan

• Single, Limited, 5,12 Years

• Single, Limited , 5 to 12 Years

• Single, Limted, 5 or 12 Years

For the Guaranteed Pension plan - Select the correct option regarding to GSV on Paid up ?

• 1- Sum assured is reduced to paid-up Sum Assured 2- Guaranteed additions accrued to the policy as on the date of paid-up will remain attached to the policy 3- No further guaranteed additions will accrue 4-Vesting additions will be calculated on paid up sum assured

• 1 - Sum assured is reduced to paid-up Sum Assured
  2 -Guaranteed additions accrued to the policy as on the date of paid-up will remain attached to the policy
  3 - guaranteed additions will accrue
  4-Vesting additions will be calculated on paid up sum assured

Mr. Gautam is interested in Sanchay Par Advantage. He wants to know what will be maturity benefit receivable by him if he survives till the age of 100 years.

• Sum Assured plus Interim Survival Benefit plus Terminal Bonus

• Sum of annualized premiums paid plus Accrued Cash Bonuses (if not paid earlier) plus Interim Survival Benefit (If any) plus Terminal Bonus if any

• Sum of annualized premiums paid plus Accrued Survival Benefit (if not paid earlier) plus Interim Survival Benefit 

• Sum of annualized premiums paid plus Accrued Survival Benefit (if not paid earlier) plus Terminal Bonus

select the correct answer for Vesting Benefit under Guaranteed Pension plan

• • - Sum Assured on vesting
    - Accrued Guaranteed Additions

  • - Vesting Addition plus Bonus

• • - Total Premiums on vesting
    - Accrued Guaranteed Additions

  • - Vesting Addition

• • - Sum Assured on vesting
    - Accrued Guaranteed Additions

  • - Vesting Addition

Will sum assured be used to calculate any benefits under the Guaranteed Pension plan ?

• Yes, Guaranteed additions and Vesting addition is a percentage of this sum assured on vesting

• No, There is no linkage of sum assured with vesting benefits

FLS Ravish has explained the features of HDFC Life Sanchay Par Advantage to Mrs. Rekha Natrajan. she wants to know if she can withdraw the accrued survival benefits whenever she wishes to. What should be the right answer from the list below?

• No. The policyholder can withdraw the accrued survival benefits only after the policy has completed five years.

• Yes, HDFC Life Sanchay Par Advantage offers the flexibility to withdraw the accrued survival benefits partly or fully, any time during the policy term

• Accrued survival benefits can be withdrawn only on maturity of the policy.

What is the Death Benefit under Guaranteed Pension Plan ?

Select the Correct option

• • - Total premiums paid to date accumulated at a guaranteed rate of 6% p.a compounded annually
    - The minimum level of death benefit at all times will be 105% of the premiums paid

• • - Total premiums paid to date accumulated at a guaranteed rate of 6% p.a annually
    - The minimum level of death benefit at all times will be 105% of the premiums paid

• • - Total premiums paid to date accumulated at a guaranteed rate of 6% p.a compounded annually
    - The minimum level of death benefit at all times will be 110% of the premiums paid

Mr. Amit Modi , 38, wants to invest in the HDFC Life Sanchay Par Advantage plan. He will be investing Rs. 3 lakhs in the Deferred Income option. He wants to understand what additional benefits he will get if he pays Rs. 3 lakhs as annual premium.

• He will get an enhanced benefit of additional income, which is 1% of the annualized premium.

• He will get an enhanced benefit of additional income, which is 0.4% of the annualized premium.

• He will get enhanced benefit of additional income, which is 1.2% of the annualized premium.

• He will not get any enhanced benefit.