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Worksheets

Insurance Products

Total questions: 20

Worksheet time: 11mins

Name
Class
Date
1.

Mr. & Mrs Agarwal resident in Pune Age 48 & 42 are interested in PGP with 8 Years Deffered Annuity Joint Life option, With 50 Lac Purchase Price. What will be the Death benefit?

a)

50 Lac

b)

55 Lac

c)

50 Lac - GST

d)

Plan not allowed

2.

In Sampoorn Nivesh, What are the Fund management charges for Discontinued Fund?

a)

0.80%

b)

0.50%

c)

1.35%

d)

1%

3.

Mr. Dinesh purchased Sampoorn Nivesh plan with 10 Lac annual premium in Limited PPT. What will be the policy admin charges per month from 6th policy year?

a)

0.35%

b)

0.45%

c)

1000/-

d)

500/-

4.

Mr. Patil Age 50 purchased PGP plan with Immediate Annuity ROPP option with 25 Lac premium. What will be the death benefit ?

a)

Nothing

b)

Purchase Price - GST

c)

Purchase Price

d)

110% of Purchase Price

5.

In Sampoorn Nivesh if policy is revived, there will be extra Revival charges?

a)

True

b)

False

c)

So what, I am ready to pay the charges

6.

In PGP plan, Which option does not allow Loan facility?

a)

Immediate Life Annuity with ROPP Option

b)

Immediate Life Annuity Option

c)

Deferred Life Annuity with ROPP Option

d)

None of Above

7.

PGP product purchased as QROPS through transfer of UK tax relieved assets, the minimum entry age for the same will be?

a)

45 years

b)

50 years

c)

55 years

d)

65 years

8.

In Sampoorn Nivesh plan, the asset allocation for the Discontinued Policy Fund is ?

a)

Govt. securities: 80% to 100% & Equity : 0% to 20%

b)

Govt. securities: 60% to 100% & Equity : 0% to 40%

c)

Govt. securities: 60% to 100% & Money Market Instruments: 0% to 40%

d)

Govt. securities: 50% to 100% & Equity : 0% to 50%

9.

As per NPS guideline topup is not allowed in PGP ?

a)

True

b)

False

10.

In Sampoorn Nivesh, Loyalty addition is calculated on?

a)

Fund Value as on 31st March

b)

Fund Value at the start of the year

c)

Fund Value at the end of the year

d)

Average Fund Value for current year

11.

Salman Khan has bought C2P 3D in 2015 with CI rider and has taken claim for CI in 2018. Now he wants to know can he opt for Life stage Protection as he plans to marry next year ?

a)

Yes, He can opt for 50% additional SA

b)

No, He cannot opt for LSP

c)

Salman Khan and Marriage, are you joking

12.

Rohit Shetty has bought C2P 3D with Extra Life Income option with 5cr base SA & 1.5cr Extra Life SA. He wants to know, What will be the Lumpsum benefit if he dies in an accident?

a)

5.5 Crore

b)

6.5 Crore

c)

6 Crore

d)

5 cr & Extra life SA will be given as payouts divided into 10 years

13.

Top up option can be exercised anytime during policy term in C2P 3D ?

a)

True

b)

False

c)

Maybe

14.

Amithabh wants to know how much amount he can withdraw from vesting benefit in PPP?

a)

Upto 60%

b)

Upto 1/3rd

c)

33%

d)

Amitabh ki marzi

15.

What is the percentage of RB declared in PPP from 2015 to 2019 for 15 year policy term ?

a)

2.5%

b)

3%

c)

3.5%

d)

4%

16.

In C2P 3D death benefit will be paid only in case of Natural or Accidental death?

a)

True

b)

False

17.

Naseer wants to know as RB is non guaranteed in PPP and if no bonus is declared in the entire PT, What will be his vesting benefit ?

a)

100% of premiums paid

b)

101% of premiums paid

c)

105% of premiums paid

d)

Ram Jaane

18.

In C2P 3D life stage option is available for only for a period of ___________ from the date of the specified event?

a)

1 Month

b)

3 Months

c)

6 Months

d)

9 months (in case of child birth)

19.

In PPP if the policy holder dies nominee has to take the Death Benefit as Lumpsum ?

a)

True

b)

False

20.

Select correct enhanced annuity rates for 60 year old annuitant for Life Annuity and Life Annuity with ROPP ?

a)

7.80% & 6.24%

b)

7.60% & 6.04%

c)

7.70% & 6.20%

d)

7.50% & 6.25%