Saturday Quiz

In Guaranteed Wealth Plus, Fixed income is available for

• 20, 25 ,30, 35 years

• 15, 20, 25, 30 years

• 25, 30 years

• 15, 20 years

In GWP, is it one of the few products in the industry to provide life cover during income payout period?

• True

• False

In GWP, what is the maximum age at entry?

• 55 years

• 60 years

• 65 years

• 70 years

In the HDFC Life Guaranteed Wealth Plus plan the policyholder can avail a loan after paying 2 full years' premium. Identify whether the above statement is true or false.

• True

• False

Kamal is keen to invest in the HDFC Life Guaranteed Wealth Plus -Income Variant. He wants to invest Rs. 2 lakhs p.a for 10 years. What is the Maturity Benefit payable at the end of the Policy Term?

• A Maturity Benefit of Rs. 18 lakhs will be payable

• A Maturity Benefit of Rs. 20 lakhs will be payable

• A Maturity Benefit of Rs. 2 lakhs will be payable

• Maturity Benefit of Rs. 12 lakhs plus applicable bonus if any, will be payable

Which of the below best describes the key USP's of the HDFC Life Guaranteed Wealth Plus plan? Select the correct answer from the list below.

• Life cover for the full Policy Term

• 
  Short term market investment

• Guaranteed quarterly income

Mrs.Manjunath is interested to invest in the HDFC Life Guaranteed Wealth Plus plan (GWP). She wants to understand the benefits offered by the product. Which of the following benefits do you expect FLS Deepak to mention? Select the correct answer from the list below.

• GWP offers enhanced protection from the second policy year on payment of top-up premium

• GWP plan is a single premium policy

• GWP plan offers assured vesting benefits

• GWP plan is a guaranteed regular income payout plan

Mention the maturity variants available for a customer to choose from in the HDFC Life Guaranteed Wealth Plus Plan. Select the correct answer from the list below.

• Enhanced Income Variant

• Income Variant

• Lump Sum Variant

• Lump sum Variant and Income Variant

The HDFC Life Guaranteed Wealth Plus plan is A Non-Linked, Non-Participating, Individual Life Insurance Savings Plan Identify whether the above statement is true or false.

• True

• False

Raj 35 years of age has purchased the HDFC Life Guaranteed Wealth Plus plan with the Income Variant. He now wants to understand the Maturity Benefit payable under this variant. What will you tell him? Select the correct answer from the list below.

• Raj will receive Sum Assured as Maturity Benefit at the of the Policy Term

• Raj will receive 110% of Sum Assured as Maturity Benefit at the of the Policy Term

• Raj will receive 100% of the total premiums paid as Maturity Benefit at the of the Policy Term

• Raj will receive Sum Assured plus Terminal Bonus if any, as Maturity Benefit at the of the Policy Term