R&P Products Quiz

Mr Rajesh FLS recently joined as a vintage FLS how you will explain what type of Pension Guranteed Plan is ………

• Non linked non participating single premium plan

• Non linked non participating regular premium plan

• Non linked participating single premium plan

• Linked & Participating single premium plan

Mr Jeevan 60 years of age and wants to purchase an annuity plan that will give him payout immediately. He also wants to leave legacy for spouse. As a FLS which option of Smart Pension Plus you will advise to purchase?

• Immediate Annuity with Early Returns of ROP

• Immediate Annuity with Life Annuity with 5 % increasing

• Immediate Life annuity with ROP

• Deferred Annuity with ROP

FLS Rajiv has recently joined. He is aware that NPS offer additional Tax benefits over and above 1.5 lakh of Section 80C Limit. How ever he is not sure what is the maximum amount is eligible for Tax Deduction

• Investment of 200000 deposited by the customer in NPS is eligibe for tax benefit under 80CCD(1B)

• There is no other tax benefit is available as per income tax laws

• Investment of 50000 deposited by the customer in NPS is eligibe for tax benefit under 80CCD(1B)

• Option A or C depending on the Slab of susbcriber

Mrs Rekha has purchased 50 lac Immediate annuity with option of Joint Life annuity. She wants to know what will happen to the policy after her death. What should FLS suggest

• Her husband will receive 50% of the annuity payouts for as long as he is alive

• Her husband will receive 100% purchase price and after policy will terminate

• The family will receive 100% purchase price after secondary annuitant death

• Her husband will receive 100% annuity payout as long as he is alive and after his death policy will terminate

Mr Vinay wants to purchase annuity plan but not sure about the payout frequency. He wants to know does he has the flexibility to choose the frequency of his annuity payout?

• He will get a variety of annuity payout modes to choose from -monthly quarterly half yearly or yearly

• He will get a variety of annuity payout modes to choose from -monthly half yearly or yearly

• He will get a varity of annuity payout modes to choose from -monthly, quartly or yearly

• He will only get monthly payout option

FLS Shreya recently joined in your team and she wants in Smart Pension Plus plan how many option are available for customer to choose from

• 4

• 6

• 3

• 2

State whether True or False - Smart Pension plus Life Annuity option available with Single Pay and Limited Payment option

• True

• False

What is the maximum annuity amount receivable under Smart pension plus for the annuitant?

• 12000 annually

• Half yearly-6000

• Monthly 1000

•  There is no limit on maximum annuity payout.

In Pension Guaranteed Plan is Top Up is available?

• Yes

• No

• Allowed depending on reasons listed

In Government NPS, the default family pension starts when the death of subscriber is in _______ phase. Fill in the blank with the correct choice.

• Vesting

• Accumulation

• Withdrawal

• No family pension