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WorksheetsRegular Money Back Insurance Assessment
Total questions: 10
Worksheet time: 10mins
Name
Class
Date
1.
Divya proposes ALI Regular Money Back Plan on the life of his son Aarav who is 2 years old. The life cover for Aarav will start?
a)
When Aarav is 8 years
b)
Immediately as soon as the policy commences
c)
When Aarav is 18 years
d)
When Aarav is 12 years.
2.
Rajesh buys a Regular Money Back Plan for a Policy Term (PT) of 20 years and a PPT of 7 years with a premium of Rs 100000/- and a Sum Assured of Rs. 6,24411/-.Rajesh dies in the 15th Year of policy. What will his nominee get?
a)
Remaining Money back Pay-outs
b)
Sum Assured + Remaining Money back Pay-outs
c)
Higher of Sum Assured or 10 times of Annual Premium + Accrued Bonus and Terminal Bonus
d)
none of the mentioned
3.
Ajay aged 45 years buys a Regular Money Back Plan with an annual premium of Rs. 100000/- and a Sum Assured of 6,24411/-. What is the Guaranteed Money Back Pay-out Ajay will get every year?
a)
100000
b)
93661
c)
15000
d)
74929
4.
In case of 10 years Premium Payment Term (PPT) surrender value in Regular Money Back is available only after premium payment of -------------.
a)
2 Years
b)
1 Year
c)
5 Years
d)
3 Years
5.
What is the maximum loan amount available under a Regular Money Back Plan?
a)
60% of Surrender Value
b)
60% pf Paid up Value
c)
60% of premium paid till date
d)
Rs 5000/-
6.
Actual Bonus declared in Regular Money Back Insurance Plan________
a)
Not declared yet
b)
2.14% of Basic Sum Assured for Single/Regular Premium Payment Term
c)
2.14% of Basic Sum Assured for Regular Premium Payment Term
d)
None of the mentioned
7.
Which rider is not available with Regular Money Back Insurance Plan?
a)
Accidental Death Rider
b)
Premium Shield Rider
8.
Age Entry in Regular Money Back Insurance Plan for regular premium payment ______
a)
7 Days-55 Years
b)
18 Years-55 Years
c)
8 Years-55 Years
d)
8 Years-50 Years
9.
Maturity age in Regular Money Back Insurance Plan
a)
70 Years
b)
75 Years
c)
None of the mentioned
10.
Calculate revenue credit for 10 years PPT with 30000 Annual Premium in Regular Money Back Insurance Plan.
a)
19500/-
b)
18000/-
c)
9000
d)
9750/-
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