4th day Quizz

Which option/s correctly explain the  benefits of Click 2 Achieve Plan?

A) Guaranteed Benefits as a lump sum or as regular Income
B) Exclusive choice for customer to choose sum assured as death benefit
C) Accrual of Survival/Income Benefit
D) All key benefits mentioned above

Select the correct answer from the list below.

• A & B

• B & C

• A & C

• D

Death Benefit Multiples offered by the Dream Achiever plan option of Click 2 Achieve are:

Select the correct answer from the list below

• 7X, 10X and 15X

• 7X,10X and 20X

• 7X,10X,12X,15X and 20X

• 7X,12X and 15X

Dream Achiever plan option of Click 2 Achieve allows unlimited combinations of Premium Paying Term, Life Cover and Survival Benefits.

Identify whether the above statement is True or False.

• True

• False

Under which combination of Dream Achiever, the proposer can choose to receive income either level or increasing in Click 2 Achieve plan?

Select the correct answer from the list below.

• Early Income 

• Early Income and Income 

• Income 

• Money Back 

Explaining the feature of accruing the survival benefit to the customer, FLS Bharti says: "On accumulating savings with Click 2 Achieve, the policyholder will receive the accrued survival benefit at a rate that is at least equal to the SBI saving bank deposit interest rate + 1.5%." Has she explained the benefit correctly?

Select the correct answer from the list below.

• Yes, she has explained the benefit correctly

• No, the explanation is partially correct

• No, explanation is fully incorrect

Ms. Aparna is a 33 year old software professional. She has opted for lump sum combination of Click 2 Achieve, Dream Achiever Plan option. What will be payable to her at the time of maturity?

Select the correct answer from the list below.

• Accrued Survival Benefit along with the assured lump sum amount

• Assured lump sum amount at maturity

• Accrued survival benefit only

• 200% of the Total Premiums Paid

If a customer chooses Immediate Payout on Issuance option then the minimum deferment period in Early Income Option of Click 2 Achieve could be:

Select the correct answer from the list below.

• Zero

• 1 year

• 2 years

• 3 years

Systematic Pension Plan is a non-linked, non-participating savings pension plan.

Identify whether the above statement is True or False.

• True

• False

In Systematic Pension Plan, vesting age can be preponed or postponed.

Identify whether the above statement is True or False.

• True

• False

Ms. Aparna is a 33 year old software professional. She has opted for lump sum combination of Click 2 Achieve, Dream Achiever Plan option. What will be payable to her at the time of maturity?

Select the correct answer from the list below.

• Accrued Survival Benefit along with the assured lump sum amount

• Assured lump sum amount at maturity

• Accrued survival benefit only

• 200% of the Total Premiums Paid