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iTerm Plus & Underwriting Quiz

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Which among the below options in iTerm Plus,do not have accidental Benefit?

a)

Life & “Life Plus” Option

b)

Only “Life Option”

c)

“Life & Health” & “Life & Health Plus Option”

d)

Only “Life Plus Option”

2.
How many critical illness does “Life & Health” option covers?
a)
10
b)
12
c)
32
d)
36
3.
Which among the below options have the option to increase their insurance coverage during the Policy term?
a)
Life Plus Option
b)
Life & Health Option
c)
Life & Health Plus Option
d)
Life Option
4.
If a customer is diagnosed with cancer (critical Illness) and died within one month. What is the benefit that the nominee will get from I Term Plus Plan “Life + Health Option”?
a)
Terminal illness benefit
b)
Only Critical Illness Benefit
c)
Only Death benefit
d)
Both Death and Critical Illness Benefit
5.
Mr Satish becomes severely ill and gets hospitalised. On hospitalisation Doctor gives the bad news that, he will not survive more than 6 months. What is the payout that Nominee would get from I Term Plus?
a)
No benefit will be paid.
b)
100% of Sum Assured through Terminal Illness Benefit and policy gets terminated.
c)
50% of Sum Assured through Terminal Illness Benefit and policy continues.
d)
100% of Sum Assured through Critical Illness Benefit and policy continues.
6.

Is disability rider a separate rider in “Life & health plus” option?

a)

No

b)

Yes

7.

Mr. Sriniwas has taken AL iTerm Plus with Life Plus coverage where he is being covered with Rs. 50 Lakhs of Basic coverage and ADB coverage of Rs. 25 Lakhs , in 10th policy year he met with an accident & became permanently disable, what benefit he will receive

a)

Rs. 25 Lakhs immediately & plan terminates

b)

All Premiums will be waived and plan will continue with Death Benefit, Accidental Death Benefit & Terminal Illness

c)

No benefit will be paid & plan will cease

8.
What is the Minimum & Maximum SA limit of AL iTerm Plus Plan?
a)
30 Lakh & 1 Crore
b)
25 Lakh & 3 Crore
c)
25 Lakh & No limit subject to underwriting
d)
10 Lakh & 3 Crore
9.
What is the Minimum & Maximum SA limit of Critical Illness Benefit in AL iTerm Plus Plan?
a)
25 Lakh & 50 Lakh
b)
10 Lakh & 30 Lakh
c)
5 Lakh & 3 Crore
d)
5 Lakh & 50 Lakh
10.

What is the Minimum & Maximum SA limit of Accidental Death Benefit Benefit in AL iTerm Plus Plan?

a)

10 Lakh & 3 Crore

b)

5 Lakh & 3 Crore

c)

50000 & 3 Crore

d)

5 Lakh & 50 Lakh

11.

Income Criteria for salaried/Professional (self employed)

a)

3 Lakh self earned Income

b)

3 Lakh Total Family Income

c)

3 Lakh unearned Income

d)

3 Lakh Total Income

12.

Income Criteria for Businessman

a)

5 Lakh Total Family Income

b)

5 Lakh self earned Income

c)

5 Lakh unearned Income

d)

5 Lakh Total Income

13.
Income Multiple for age of 32 years
a)
20 Times
b)
25 Times
c)
15 Times
d)
10 Times
14.
Revenue Credit for iTerm Plus Plan
a)
50%
b)
25%
15.

If person is Businessman, Age 41, 12th Pass, Self Earned Income 4 Lakh. Maximum Sum Assured can be offered upto

a)

60 Lakh

b)

Can not be offered as Income is less than 5 Lakh and education is 12th Pass

c)

80 Lakh

d)

25 Lakh

16.

If Husband is Salaried, Age is 42, Self Earned Income 9 Lakh. Husband already taken 1 Crore iTerm Plus. Now applying for Housewife iTerm Plus (Graduate, Age 41). Maximum Sum assured can be offered

a)

50 Lakh

b)

25 Lakh

c)

35 Lakh

d)

Can not be offered

17.

Can we offer Life Option to Housewife?

a)

Yes, Life Option available to housewife with fixed ADB S.A of Rs.50,000

b)

No. Housewife can not be offered Life & Life Plus Option

c)

Yes, Life Option available to housewife with ADB from 50000 to 3 Crore

18.

If Customer is Diabetic, Which option can not be offered to customer? (you can select multiple options also)

a)

Life Option

b)

Life & Health Option

c)

Life Plus Option

d)

Life & Health Plus Option

19.

Minimum Education Qualification required in case of Life Assured is Housewife

a)

12th Pass

b)

10th Pass

c)

Graduate

20.

Revenue Credit for iTerm Plus

a)

50%

b)

65%

c)

45%

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