Swabhimaan Retirement Plan
Authored by Harini K
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. What type of income does the Bharti AXA Life Swabhimaan Retirement Plan guarantee?
Variable income
Guaranteed lifetime income
Income until retirement
Interest-based income
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. What happens to the annuity payments if the policyholder's partner is still alive?
They stop
They reduce
The partner continues to receive the same benefit
The partner receives half the annuity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How often can annuity payments be received under this plan?
Only monthly
Only yearly
Only quarterly
Monthly, quarterly, half-yearly, or yearly
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What payment option is available for premiums under this plan?
Only annual payments
Monthly installments only
Single premium or spread over a few years
No payment flexibility
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What feature allows flexibility in case of financial emergencies?
Loan facility
Withdraw entire fund
Option to avail liquidity by withdrawing part of the Surrender Value
Extension of maturity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the “Save the date” feature in this plan?
To fix the maturity date
To receive annuity on a special date of choice
To lock in tax benefits
To skip a payment
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Are there any tax benefits on premiums paid under this plan?
No
Only if the policyholder is a senior citizen
Yes, under prevailing tax laws
Only after 5 years of the policy
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