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Sanchay Plus Quiz

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Which

of the following options are available in

Sanchay plus product ?

a)

Guaranteed

Income

b)

Long Term Income

c)

Life Long Income

d)

All of the above

2.

What is the minimum age at entry and minimum premium in Life Long income option ?

a)

5 to 50, Min Premium 45k

b)

5 to 55 Min Premium 40k

c)

50 to 60 Min Premium 30K

d)

7 to 60 Min Premium 30K

3.

What are the sales pitch of Sanchay Plus Product ?

a)

Secure Saving for Child Education & Retirement

b)

Guaranteed Benefit & Replacement of Monthly Expense

c)

Tax Benefit Under Sec 80(c) 10(10D) & Long term Income

d)

Flexibility in Entry Age and PPT & Stability in Income

e)

All of the above

4.

In

Sanchay plus Plan , ''if customer has chosen any plan option at inception can be

changed throughout the policy term. is this statement Correct ?

a)

Yes

b)

No

5.

In

sanchay Plus product , ''Change of premium payment frequency & Change of Income payment frequency allowed'' is this statement correct ?

a)

Yes

b)

No

6.

If

customer took long term income 10 pay option and Cistomer pays premium more

then 1.5 lakh so what is the additional % of annual premium he will get?

a)

1%

b)

1.5%

c)

0.75%

d)

2%

7.

If

customer takes Guaranteed income option with 12 pay option and he pays premium more then 5 lakh so

what is the additional % of annual premium customer will get?

a)

1%

b)

2%

c)

1.5%

d)

3%

8.

What

are the Premium Payment Term (PPT) , Policy term(PT), Income Period (IP)

available in Sanchay plus guaranteed income option ?

a)

PPT 5

& 10, PT 6 & 11, IP 25 & 30

b)

PPT 10

& 12, PT 13 & 15, IP 12 & 11

c)

PPT 10

& 12, PT 11 & 12, IP 10 & 12

d)

PPT 10

& 12, PT 11 & 13, IP 10 & 12

9.

What

are the Premium Payment Term (PPT) , Policy term(PT), Income Period (IP)

available in Sanchay plus Long term income option ?

a)

PPT 5

& 10, PT 6 & 11, IP 20 & 25

b)

PPT 5

& 10, PT 7 & 15, IP 25 & 30

c)

PPT 10

& 12, PT 11 & 13, IP 10 & 12

d)

PPT 5

& 10, PT 6 & 11, IP 25 & 30

10.

What

are the Premium Payment Term (PPT) , Policy term(PT), Income Period (IP)

available in Sanchay plus Life Long income option ?

a)

PPT 5

& 10, PT 6 & 20, IP -till the age of 99

b)

PPT 5

& 10, PT 10 & 15, IP -till the age of 99

c)

PPT 5

& 10, PT 6 & 11, IP -till the age of 99

d)

PPT 5

& 10, PT 7 & 11, IP -till the age of 99

11.

Which

of the following riders can be taken with Sanchay plus ?

a)

Income

Benefit on Accidental Disability riders

b)

Critical

Illness plus riders

c)

Only A

d)

A &

B Both

12.

'Once

policy has acquired the surrender value, customer may avail of policy loan up

to 80% of the surrender value of the policy'' Is this statement correct ?

a)

Yes

b)

No

13.

In

sanchay Plus Guaranteed Income option PPT for 10 & 12 , what is the percentage of annual premium

payable if customer entry age is 51 to 60 years ?

a)

225%

& 200%

b)

210%

& 200%

c)

185%

& 202%

d)

200%

& 190%

14.

What is

the death benefit if customer died during the policy term ?

a)

Higher of Sum Assured / 10 times of annual premium/ 105% of paid premium/ Premiums paid accumulated at an interest of 5% P.A Annually

b)

Higher of Sum Assured / 12 times of annual premium/ 105% of paid premium/ Premiums paid accumulated at an interest of 5% P.A Annually

c)

Higher of Sum Assured / 10 times of annual premium/ 110% of paid premium/ Premiums paid accumulated at an interest of 5% P.A Annually

d)

Higher of Sum Assured / 10 times of annual premium/ 107% of paid premium/ Premiums paid accumulated at an interest of 5% P.A Annually

15.

What is

the death benefit if customer dies after policy term ?

a)

Sum

Assured

b)

10 times

of annual premium

c)

105% of

paid premium

d)

Nominee

will get income fro remaining years