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Knowledge Assessment - Sanchay Plus

Total questions: 10

Worksheet time: 30mins

Name
Class
Date
1.

What guaranteed income will Mr. Iyer, age 36, receive from 14th year if has opted for 13 year policy term under the Guaranteed Income Option of HDFC Life Sanchay Plus policy ?

a)

190% of Annual Premium

b)

193% of Annual Premium

c)

195% of Annual Premium

d)

197% of Annual Premium

2.

Mr. Ramesh who is 29 years of age has invested in Guaranteed Income option of HDFC Sanchay Plus policy with policy term of 11 years. What is the guaranteed income he will receive from 12th to 21st year.

a)

169% of Annual Premium

b)

179% of Annual Premium

c)

159% of Annual Premium

d)

189% of Annual Premium

3.

What Payout will Mr. Sudhir 31, receive from 12th year if has opted for 11 year policy term under the Long Term Income Option of HDFC Life Sanchay Plus policy ?

a)

68.5% of Annual Premium

b)

78.5% of Annual Premium

c)

85.5% of Annual Premium

d)

88.5% of Annual Premium

4.

Mr. Singh is interested in HDFC Life Sanchay Plus policy. Wants to know the premium payment terms available in the Guaranteed Maturity option?

a)

5 and 6 years PPT options available

b)

5, 6, 10 & 12 years PPT options available

c)

6, 10, 12 years PPT options available

d)

5, 6, & 10 years PPT options available

5.

Mrs. Tyagi, 52 has opted for opted for 11 year policy term under the Life Long Income Option of HDFC Life Sanchay Plus policy. What guaranteed income will she receive from 12th year till the age of 99?

a)

82.5% of Annual Premium

b)

84.5% of Annual Premium

c)

86.5% of Annual Premium

d)

88.5% of Annual Premium

6.

Which plan option in HDFC Life Sanchay Plus provides income for 25 or 30 years, and return of total premiums paid on completion of the payout term?

a)

Long Term Income Option

b)

Guaranteed Income Option

c)

Life Long Income Option

7.

Which plan option in HDFC Life Sanchay Plus provides income for whole life (till age 99 years) and return of total premiums paid on completion of the payout term?

a)

Long Term Income Option

b)

Guaranteed Income Option

c)

Life Long Income Option

8.

What is the Policy Term and Premium Payment Term Available in Guaranteed Income Option of HDFC Sanchay Plus policy?

a)

PPT / PT - 10/11 and 12/13

b)

PPT / PT - 5/6 and 10/11

c)

PPT / PT - 5/6 and 10/11 and 12/13

d)

None of the above

9.

What will be income payout if the customer has opted for Quarterly payout frequency?

a)

100% of Annual Income X 1/4

b)

96% of Annual Income X 1/4

c)

98% of Annual Income X 1/4

d)

97% of Annual Income X 1/4

10.

What is the minimum annual premium amount under HDFC Life Sanchay Plus policy?

a)

Rs. 20,000

b)

Rs. 30,000

c)

Rs. 40,000

d)

Rs. 50,000