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Worksheets

Sanchay Plus

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Return of Premium is available

a)

Long term Income Option

b)

Guaranteed Income Option

c)

Guaranteed Maturity Option

2.

Guaranteed Income Option for a customer whose age is 52 years takes up the Policy term of 11 years what is the Payout %age?

a)

194%

b)

189%

c)

184%

d)

188%

3.

Minimum Age of Entry for Life long income Option is

a)

5 years

b)

7 years

c)

18 years

d)

50 Years

4.

Discount rate of Future Payout is done at

a)

4%

b)

8%

c)

9%

d)

10%

5.

For Life Long Income Option for a policy term of 13 years Payout % is?

a)

124.6%

b)

120%

c)

126.5%

d)

89%

6.

Protect Plus Rider is Available with the Plan

a)

True

b)

False

7.

Policy Revival Period is

a)

4

b)

5

c)

3

d)

2

8.

Enhanced Benefit for a Rs 5 lacks and above premium in case of Long term income option is 2.5%

a)

true

b)

False

9.

What % of annual Income would be paid to the customer in case he opts for Half Yearly mode of payout

a)

98%

b)

96%

c)

94%

d)

97%

10.

in case of Death the death benefit is computed using the prevailing interest rates. payable to the nominee. Sum Assured on Death is the highest of: 10 times the Annualized Premium, or 105% of Total Premiums paid, or Premiums paid accumulated at an interest of 5% p.a. compounded annually, or Guaranteed Sum Assured on Maturity, or an absolute amount assured to be paid on death, which is equal to the Sum Assured.

a)

True

b)

False