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WorksheetsInsurance Basic
Total questions: 10
Worksheet time: 5mins
Which statement about a basic insurance plan is correct?
A term insurance plan is a pure protection plan
A term insurance plan is a savings and investment plan
A term insurance plan is a pension plan
A term insurance plan provides only maturity benefit
A money back plan is ___________ plan
An endowment
A pure endowment
A term
A whole life
A savings insurance plan compensates for the loss of adequate savings due to premature death
True
False
How many critical illnesses are covered in the HDFC Life Click 2 Protect 3D Plus Plan?
17
25
24
34
A term plan addresses the risk of
Living long
Loss of savings
Loss of employment
Loss of income due to premature death
A savings insurance plan compensates for the loss of adequate savings due to premature death
True
False
Mr. Vasu Shah has heard of a plan which offers benefit only on survival and nothing on death. Which type of plan is he referring to?
Term Plan
Endowment Plan
ULIP Plan
Pure Endowment Plan
Mr. Kamal Hassan wants to buy a life insurance for his wife Sarika who is a housewife. Mr. Kamal have not yet bought any insurance plan for himself. Can he still buy a life insurance for his wife?
Yes he can take
No, since he hasn’t taken any insurance
Grace Period is the time granted by the insurance company form the due date for the payment of premium for the policy to be in-force with the risk cover without any interruption as per terms of the policy
Applicable only in term plans
Applicable only in ULIP plans
No such option is available in HDFC Life
Applicable in all the plans
A policy holder who is unable to make premium payments can cancel the policy by surrendering it before a death claim arises or before it reaches maturity
True
False
