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BALIC POS Goal Suraksha Plan

Total questions: 15

Worksheet time: 13mins

Name
Class
Date
1.

Minimum & Maximum entry age allowed in the POS Goal Suraksha plan are________.

a)

18 to 55 years

b)

18 to 60 years

c)

07 to 70 years

d)

01 to 60 years

2.

Does Bajaj Allianz POS Goal Suraksha plan have the option to change the premium payment frequency?

a)

Yes

b)

No

3.

How do we calculate the issue age for the policyholder under the POS Goal Suraksha plan?

a)

Age Near Birthday

b)

Age Last Birthday

c)

Age Next Birthday

d)

None of them

4.

What is the Maximum Sum Assured allowed in the POS Goal Suraksha Plan?

a)

1 Lac

b)

7 Lac

c)

5 Lac

d)

10 Lac

5.

What is the minimum policy term option available in POS Goal Suraksha Plan?

a)

5 years

b)

10 years

c)

15 years

d)

20 years

6.

Choose the correct option available for the death benefit in POS Goal Suraksha Plan.

a)

Sum Assured on Death + Guaranteed Addition

b)

Sum Assured on Death

c)

Only Guaranteed Additions

d)

None of the above

7.

What is the maturity benefit in POS Goal Suraksha Plan?

a)

Sum Assured on maturity plus Guaranteed additions

b)

Total premium paid

c)

Sum Assured on maturity + Guaranteed Addition + Total premium paid

d)

None of the above

8.

What is the minimum modal premium for the yearly mode?

a)

450

b)

1,250

c)

2,100

d)

3,000

9.

Suppose, Mr Ranbir Kapoor's POS Goal Suraksha Plan issued on 1st Aug 2018 and unfortunately, he died in an accident within 30 days from the commencement date.

What would be the death benefit for Ranbir's nominee?

a)

Sum Assured Death

b)

Sum Assured Death + Guaranteed Addition praposnately

c)

100% of the premium paid

d)

100% of the premium paid excluding extra premium & Goods & Service Tax if any will be paid

10.

Suppose, Mr Ranvir Singh's POS Goal Suraksha Plan issued on 1st Aug 2018 and unfortunately, he died due to the heart attack within 30 days from the commencement date.

What would be the death benefit for Ranvir's nominee?

a)

Sum Assured Death

b)

Sum Assured Death + Guaranteed Addition proportionately

c)

100% of the premium paid

d)

100% of the premium paid excluding extra premium & Goods & Service Tax if any will be paid

11.

Choose the correct statement for POS Goal Suraksha Plan.

a)

It is a single premium plan

b)

Minimum Sum Assured allowed are 40,000

c)

It is a non-medical plan

d)

None of the above

12.

Guaranteed additions are a multiple of one annualized premium and will be paid on death or maturity whichever is earlier.

a)

True

b)

False

13.

Surrender benefit will be available under the policy if at least 2 full years premium have been paid under the policy with PPT less than 10 years.

a)

True

b)

False

14.

What is the maximum premium allowed in the plan?

a)

1,00,000

b)

50,000

c)

10,00,000

d)

1,000

15.

SA would be the _______ of the annualised premium.

a)

5 Times

b)

10 Times

c)

7 Times

d)

2 Times