Kotak Assured Pension Quiz

What type of product is Kotak Assured Pension?

• Participating, Linked, General Annuity Product

• Non-Participating, Non-Linked, General Annuity Product

• Non-Participating, Linked, General Annuity Product

• Participating, Non-Linked, General Annuity Product

What is the maximum age for annuitant in KAPP?

• 75 years

• 80 years

• 85 years

• 70 years

What is the purpose of Guaranteed Additions in Kotak Assured Pension?

• To reduce the premium amount

• To accrue during the deferment period

• To provide a lump-sum payment on death

• To increase the annuity payout

Which annuity option provides a cash-back feature upon the death of the annuitant?

• Lifetime Income

• Lifetime Income with Cash-Back

• Lifetime Income with Annual Increase

• Lifetime Income with Term Guarantee

What happens if the annuitant dies during the deferment period?

• The policy terminates immediately

• Policy will continue as it is

• The nominee receives a lump-sum payment

• The annuity payments continue to the secondary annuitant

Which of the following is a critical illness covered under the plan?

• Asthma

• Hypertension

• Cancer of Specified Severity

• Diabetes

What is the maximum deferment period allowed in Kotak Assured Pension?

• 5 years

• 10 years

• 15 years

• 20 years

What is the Maximum Entry age in Single annuity

• 60

• 70

• 65

• 75

What is the surrender benefit for a policyholder who opts for a reduced paid-up policy?

• Guaranteed Surrender Value

• No Surrender Benefit

• Annuity Amount Paid

• Total Premium Paid

What is the tax benefit applicable under Kotak Assured Pension?

• No tax benefits available

• Tax benefits under the Income Tax Act, 1961

• Tax benefits under the Income Tax Act, 1972

• Tax benefits under the Income Tax Act, 1985