WorksheetsLatest Flexi Income Goal
Total questions: 15
Worksheet time: 19mins
Flexi Income Goal have _______ & _______________ variants.
Income & Enhanced
Income & Assure
Enhanced & Assure
None of them
Cash Bonus (CB), if any can be available from 1st month onward in Income Variant
True
False
In FIG Income Variatn, What percentage of Sum Assured will be available as Guaranteed Monthly Income (GMI) from end of PPT till Maturity?
50%
75%
100%
None of them
A customer can get the Maturity Booster of 50% of Sum Assured along with Terminal Bonus on Maturity in both (Income & enhanced) variant of FIG.
True
False
A customer can hava a option to choose the joint life cover with the spouse.
True
False
In Enhanced variant, a customer will get total _________ of SA guaranteed.
100%
150%
250%
None of them
A customer who has choosed FIG Enhance Variant can get cash bonus & GMI both through out the policy term
True
False
Cash bonus is a percentage of ______________.
One annualize premium
Sum Assured
Sum Assured on death
None of them
Minumum & Maximum age at entry in FIG for the Joint life cover is__________.
0-50
18-55
6-60
0-55
In FIG: Survival Benefits i.e. Cash Bonus, GMI or Lumpsum payouts can be ___________.
Paid out
Accumulated
Once Accumulated it can't be paidout during the entire term
Once Paidout it can't be accumulated during the entire term
A campany may declare the investment return every year on the cash value amount. Investment return declared for the current year is________________.
4%
8%
2.5%
7%
100% of Sum Assured is paid as GMI from end of PPT till end of PT.
True
False
The number of instalments of GMI payable will be __________________________________.
PT * 12
PPT minus PT * 12
PT minus PPT * 12
None of them
The Policyholder will have an option (this option can be chosen at any time before maturity) to take Maturity Benefit in monthly or yearly installments over a period of 5, 10, 15 or 20 years.
True
False
Premium paid, Survival Benefit, Maturity Benefit, Death Benefit and Surrender Benefit are eligible for tax benefits as per Section _________________ of the Income Tax Act.
80D
80C
10(10D)
10 (10T)
