WorksheetsGuaranteed Growth Insurance Plan
Total questions: 10
Worksheet time: 5mins
Pinkee purchased ALI Guaranteed Growth Insurance Plan with an annual premium of Rs 150,000/- in January 2000. From which year will he start getting the guaranteed pay-outs?
January 2009 End
January 2011 End
January 2010 End
None of mentioned
Yogendra purchased ALI Guaranteed Growth Insurance Plan with an annual premium of Rs 150,000/-. What amount will be given as guaranteed pay-outs to him during the pay-out period
Rs 225,000 will be paid for each year in payout duration
Rs. 180,000 will be paid for each year in payout duration
Rs. 1,50,000 will be paid for each year in payout duration
None of mentioned
Premium Waiver Benefit is available in ALI GGIP
False
True
In case customer unfortunately dies during the pay-out period. What are the options available to Nominee?
Cash Value of Death Benefit
10 times of annual premium will be paid
Remaining Guaranteed Pay-out will be given as it is
Full Sum assured
ALI GGIP is a Non-Medical Plan for all ages with Simplified Underwriting process
True
False
Age Entry for GGIP
8-55 Years
7 Days- 55 Years
18-55 Years
8-50 Years
Select correct options for age & premium conditions (You can select Multiple answers)
(8-35 Age) Min: 20000/ Max: 3 Lakh Per Annum
(36-45 Age) Min: 30000/ Max: 3 Lakh Per Annum
(36-45 Age) Min: 30000/ Max: 2 Lakh Per Annum
(46-50 Age) Min: 40000/ Max: 1 Lakh Per Annum
Which of mentioned statement is incorrect with respect to Death benefit in case Life assured dies at the end of 8th Year
Directly 10 times of Annual Premium will be paid & plan will close
Nominee have two options
Can Continue plan or Close plan
If continues plan premiums will be waived of & plan will continue with all benefits
If closes then death benefit will be paid as per conditions
Is GGIP participating Plan?
Yes
No
If Customer is paying premium of 1,00,000, calculate revenue credit
65,000/-
59,000/-
45,000/-
40,000/-
