WorksheetsPOS Grip
Total questions: 10
Worksheet time: 6mins
POS Grip belongs to which category of insurance plan
Term
Non Participatory
Participatory
Unit Linked
Can a customer buy this plan for his child?
Yes
No
Yes, only if the child is below 18 years of age
Not sure
The returns of Pos Grip plan are
100% guaranteed
Guaranteed additions + variable bonus
Guaranteed additions + reversionary bonus + terminal bonus (if declared)
Linked to market performance
The maximum premium in this plan is
Subject to underwriting
Depends upon age of the customer
Depends upon income of the customer
Limited to 1 Lakh per life assured
The income proof required for the plan is
Salary slip for salaried customer
ITR for businessman and self employed
No income proof needed
Bank statements for housewife or minor
The maturity benefit for 18 years of Policy term will be____ % of Basic Sum Assured
225%
285%
305%
315%
The basic sum assured of the plan depends upon
Age of the customer at the time of buying the policy
Policy term and Premium paying term selected
Annual Premium
All of the above
Who can not buy this policy?
Housewife
Father for a minor child
Resident Indian
NRI
The death benefit given to the nominee is
Basic Sum Assured
10 times annual premium
10 times annual premium + accrued guaranteed additions
No death benefit is given in this plan
Currently the plan is offered to a customer with the CIBIL score
Above 500
Above 599
No limit on CIBIL Score
CIBIL Score should not be 0
