HDFC Life SAGA Quizz

What is the key unique feature of HDFC Life Sanchay Aajeevan Guaranteed Advantage (SAGA)?

• Market-linked returns

• Lock-in guaranteed income rates at inception

• High-risk investment component

• Only for Senior Citizen

What is the guaranteed annuity rate range currently offered under SAGA?

• 4% to 12%

• 5% to 15%

• 6.4% to 21%

• 7.2% to 18%

Amit, aged 40, is a salaried professional who wants a tax-free lump sum for his daughter’s education at 60 and a guaranteed income for his retirement. He is considering SAGA. Which option should he choose?

• Future Secure with Guaranteed Income

• Future Ready without Guaranteed Income

• Future Secure without Guaranteed Income

• Future Ready with Guaranteed Income

Mohan, 45, and his wife, Anita, 42, want a plan where Anita continues to receive a regular income even if Mohan passes away. They also want a waiver of premium benefit. Which plan is best suited for them?

• Future Ready - Single Life Plan

• Future Secure - Joint Life Plan

• Wealth Plus - Without Guaranteed Income

• Business Solutions Plus

Kiran, 55, wants to start receiving a guaranteed income at 60 but also wants to maximize his tax-free commutation. How much of the maturity benefit can he commute?

• 10%

• 80%

• 40%

• 60%

If both the primary and secondary life insured under a Future Secure plan pass away together in an accident, what happens to the policy payout?

• The policy is forfeited

• The nominee gets the surrender value only

• The nominee receives double the Death Benefit at 5% GRR

• The premium payments are waived, and the policy continues

What is the Guaranteed Rate of Return (GRR) that policyholders can choose for Death Benefit accumulation?

• a) 2% or 4%

• b) 3% or 6%

• c) 5% or 7%

• d) 8% or 10%

Which of the following is NOT a solution under SAGA?

• a) Retirement First

• b) Family First

• c) Business Solutions Plus

• d) Equity Market Growth

What is the maximum premium limit for the Future Secure option?

• a) ₹50 lakhs

• b) ₹75 lakhs

• c) ₹1 crore

• d) No limit

Under which condition can customers choose Save the Date for annuity payouts?

• a) Only in Future Ready plan

• b) Only in With Guaranteed Income variant

• c) For policies with Single Pay

• d) For all plan variants