Swabhimaan Retairment Plan Option 4-8

When does the annuity payment cease under Joint Life Last Survivor Annuity with Return of Premium?

• On death of the primary annuitant

• On the later of the deaths of the two annuitants

• On expiry of deferment period

• On policy maturity

What happens upon the death of the surviving annuitant under ROP Option?

• Policy continues with reduced annuity

• Death benefit is paid to the nominee/legal heirs and policy terminates

• No death benefit is paid

• Policy converts to single life annuity

In Joint Life If one annuitant dies during the deferment period, what is required for the policy to continue?

• The surviving annuitant must pay remaining premiums

• Pay all due annuity amounts

• Restart the policy from inception

• Nothing, the policy automatically ends

What is the death benefit post deferment period upon the last survivor's death in Joint Life option?

• Only guaranteed additions

• Total annuity paid till date of death

• Higher of total premiums paid plus guaranteed additions or 105% of premiums

• Total premiums paid plus accrued guaranteed additions

The benefit under Life Annuity with ROP on CI or PD due to accident or death option is available only until the Annuitant reaches what age?

• 80 years

• 60 years

• 65 years

• 70 years

Which of the following is NOT listed as a specified critical illness under Life annuity with ROP on CI ?

• Myocardial Infarction

• Open Heart Replacement

• Migraine

• Permanent paralysis of limbs

What happens to the policy upon diagnosis of a critical illness or permanent disability due to an accident?

• It terminates once the benefit is paid and all premiums are cleared

• It continues until natural death

• It converts to a different plan

• It offers a refund of premiums only

Which of the following conditions is covered under the list of 10 specified critical illnesses?

• Seasonal flu

• Kidney failure requiring regular dialysis

• Arthritis

• Asthma

After attainment of age 80, what is the benefit payable in case of critical illness or permanent disability?

• 50% of total premiums paid

• Full policy amount

• Nil

• Based on insurer's discretion

What is clearly stated about the benefit payout on occurrence of CI/PD or death?

• It is an extra bonus added to annuity

• It is an additional long-term benefit

• It increases the sum assured

• It is not an additional benefit but an early payout