WorksheetsLawrent
Total questions: 12
Worksheet time: 24mins
What is called a participating plan?
The plan which participates in the investment performance (as guided by IRDAI for traditional plans) of the company
The plan which participates in the market performance
The plans which participates in Mutual funds
None of the above
What is the Guaranteed Addition for Classic Assure plus?
Min 3% on SA
3.5% on SA
Min 3% on total premiums paid
3.5% on total premiums paid
In Classic Assure Plus, the Guaranteed Reversionary Bonus is applicable for
The entire policy term
The first 10 years
For seven years
For the premium paying term
What is the terminal bonus?
This bonus is declared every year on Sum assured
This bonus is declared every year on the total premiums paid
This bonus is declared every year on 10 times on annual premium
This bonus is a one time addition at the maturity, paid as loyalty addition with respect to the policy term.
What is the maturity benefit (the amout received at the end of policy term) in a Super Income Plan
Full Sum Assured
Accumulated Simple Reversionary Bonus and Terminal Bonus
The last payout along with accumulated Simple reversionary bonus with Terminal Bonus (if any)
The last payout of the sum assured
What is the advantage of taking a policy term equal and above 20 years in Super Income Plan
I will get extra 20% Sum Assured
A recognition certificate will be given to the customer for taking a higer policy term
The bonus rates will be guaranteed
No any impact
What is the death benefit in Super Income Plan during the payout period?
Plan will close without any benefits
Sum assured
Sum Assured with applicable bonus minus previous availed payouts
A Death Benefit Sum assured along with applicable bonus, without deducting the previous availed payouts
What are the three options available in Young Star Udaan plan?
Classic, Imperia and Preferred
Plan A, Plan B and Plan C
Aspirations, Academia and Career
Career, Future and Retirement
What is the death benefit if a customer opted for classic waiver benefit in Young Star Udaan
Death benefit will be paid and policy terminates
Death benefit will be paid and the policy continues
All premiums will be paid
Death benefit will be paid and the policy continues with all future premium waived off and further benefits will be also paid as scheduled
What is the total sum assured paid in installments in case of academia and career options
105% and 115%
200% and 217%
34.5% and 100%
100% for both the options
What is the guaranteed addition for a policy term equal and above 20 years in Young Star Udaan
3% for the premium paying term
5% for the first five years
3% for the policy term
3% for the first five year
what are the generic characteristics of PAR Products?
Investment guided by IRDAI
No Market Risk
Returns are guaranteed
90% of Surplus is shared to the policy holders
