Wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Latest Flexi Income Goal

Total questions: 15

Worksheet time: 19mins

Name
Class
Date
1.

Flexi Income Goal have _______ & _______________ variants.

a)

Income & Enhanced

b)

Income & Assure

c)

Enhanced & Assure

d)

None of them

2.

Cash Bonus (CB), if any can be available from 1st month onward in Income Variant

a)

True

b)

False

3.

In FIG Income Variatn, What percentage of Sum Assured will be available as Guaranteed Monthly Income (GMI) from end of PPT till Maturity?

a)

50%

b)

75%

c)

100%

d)

None of them

4.

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.

a)

True

b)

False

5.

A customer can hava a option to choose the joint life cover with the spouse.

a)

True

b)

False

6.

In Enhanced variant, a customer will get total _________ of SA guaranteed.

a)

100%

b)

150%

c)

250%

d)

None of them

7.

A customer who has choosed FIG Enhance Variant can get cash bonus & GMI both through out the policy term

a)

True

b)

False

8.

Cash bonus is a percentage of ______________.

a)

One annualize premium

b)

Sum Assured

c)

Sum Assured on death

d)

None of them

9.

Minumum & Maximum age at entry in FIG for the Joint life cover is__________.

a)

0-50

b)

18-55

c)

6-60

d)

0-55

10.

In FIG: Survival Benefits i.e. Cash Bonus, GMI or Lumpsum payouts can be ___________.

a)

Paid out

b)

Accumulated

c)

Once Accumulated it can't be paidout during the entire term

d)

Once Paidout it can't be accumulated during the entire term

11.

A campany may declare the investment return every year on the cash value amount. Investment return declared for the current year is________________.

a)

4%

b)

8%

c)

2.5%

d)

7%

12.

100% of Sum Assured is paid as GMI from end of PPT till end of PT.

a)

True

b)

False

13.

The number of instalments of GMI payable will be __________________________________.

a)

PT * 12

b)

PPT minus PT * 12

c)

PT minus PPT * 12

d)

None of them

14.

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.

a)

True

b)

False

15.

Premium paid, Survival Benefit, Maturity Benefit, Death Benefit and Surrender Benefit are eligible for tax benefits as per Section _________________ of the Income Tax Act.

a)

80D

b)

80C

c)

10(10D)

d)

10 (10T)