C2A Par Advantage Quiz

FLS Kishore is not clear about the Policy Continuance Benefit (PCB) in C2A Par Advantage. Which of the following statement is correct regarding PCB in Single Life option?

• Get Waiver of future premium on death of Life Assured for three years + Death Benefit as lumpsum immediately + Future benefits continue to nominee or survivor

• In Case of Death of life assured death benefit is paid immediately and the Payouts continue for the whole Life.

• Death Benefit that is given to the nominee + premium waiver for 2 years, and the Maturity Benefit is also provided to the nominee.

Customer wants to take C2A Par Advantage plan for his daughter who is 6 years with PCB. FLS wants to know whether he can login this plan on daughter's name?

• Yes, he can as the Minimum entry age for C2A Par Advantage is 30 Days with PCB

• No, he cannot as the Minimum entry age for C2A Par Advantage is 18 yrs with PCB option.

Mr Ruhan is convinced to buy this plan but is asking if there is something extra, since he is a loyal customer of HDFC bank?

• Yes, he is eligible to receive an additional discount of 20% on the first-year premium if he goes for a PPT of 10 years and above, on NetBank login.

• Yes, he is eligible to receive an additional discount of 10% on the first-year premium if he goes for a PPT of 10 years and above, on NetBank login.

• No, there is no additional discount available.

• Yes, he is eligible to receive an additional discount of 5% on the first-year premium if he goes for a PPT of 10 years and above, on NetBank login.

Mr Raju wants to know what happens if the Nominee dies before the completion of the plan and Raju has purchased plan with PCB?

• For the remaining years of the plan, payments will continue to be made to the legal heirs of the nominee after their demise

• The plan stops there and no further benefits will be paid

• SA will be paid to legal hires on death of nominee and balance payments will continue to be made to the legal heirs.

Prem has agreed to buy Click to Achieve Par Advantage but wants to know in case he is not able to pay premium after 2 years what happens to the plan

• Two options are available to the policyholder: a paid-up conversion or a revival of the policy within a five-year timeframe.

• Two options are available to the policyholder: a paid-up conversion or a revival of the policy within a three-year timeframe.

FLS Ravi wants to know the benefits available with the Plan C2A par?

• This is a participating plan offers attractive benefits, including annual cash bonuses from the first year, a guaranteed sum assured at maturity, a terminal bonus, and a valuable policy continuance benefit

• This is Non participating plan offers attractive benefits, including annual cash bonuses from the first year, a guaranteed sum assured at maturity, a terminal bonus, and a valuable policy continuance benefit

As per the new rate card what is the credit if premium is <1 Lac and PPT is >=10 Year in C2A Par Advantage?

• 35%

• 55%

• 80%

• 70%

What is the nature of the Plan Click to achieve Par advantage

• It is a non-PAR plan

• it is a PAR plan

• it is a ULIP

• combination of both PAR and Non PAR

What is the Maximum entry age for without PCB in Click to achieve Par?

• 60 Yrs

• 60 Yrs minus PPT

• 70 Yrs minus PPT

If I don't want the PCB option in Click to Achieve which variant should I choose?

• Smart Student Advantage

• Spouse Cover Advantage

• Forever Dream advantage

• My Choice Advantage