WorksheetsLearning Hour Session Quiz (Yes Bank) 10-Jun-21
Total questions: 10
Worksheet time: 10mins
Ms.Manisha 57, owns a garment manufacturing unit in Delhi.She wants a cover of Rs.1 crore and has an annual income of Rs.10lakhs .She has submitted the correct set of income proofs.
Will Ms. Manisha be granted the proposed coverage?
Select the correct answer from the list below
Yes, Ms. Manisha will be granted the proposed coverage since it is permissible for her age and as per the financial underwriting guidelines
No, Ms. Manisha cannot be granted the proposed coverage as her age is beyond 56yrs.The permissible cover allowed for age 56 yrs. and above is 5 times the annual income
If a customer is salaried and he/she does not have Form -16 to be submitted as Income Proof, what is the document that needs to be submitted in lieu of form-16?
Select the correct answer from the list below.
Credit Card Statement of latest 6 months
Last 3 months salary slips with Bank statement reflecting salary credit at regular periodic interval
CA certified / Audited Profit and Loss (P&L) account & audited
ITR with Computation of Income helps one understand earned and unearned income
Identify whether the above statement is True or False
TRUE
FALSE
Mr. Bhaskaran, a manager in a software company in USA,holds an NRI account with Yes Bank.He has applied for a HDFC Life savings plan with a sum assured of Rs.75 lakhs and has submitted the following docbuments :
ITR(Last 2 financial years),last 3 months salary slips, Employer contract letter,NRI questionnaire,KYC documents,Valid work permit, FATCA annexure.
Which additional document does Mr.Bhaskaran need to submit?
Select the correct answer from the list below.
Bank Statement of a bank based in India and showing salary credits
Employer's appointment letter
Foreign Bank statement, because this helps validate the applicant's address as NRIs may not have a permanent address outside India
Mr.Talpade is running his partnership firm with four Partners,they all decided with consensus to purchase the Partnership Insurance from HDFC Life under Click2 Protect Life Plan.Mr.Talpade wanted to understand the additional documentation required to fulfill the procedure for taking Term Plan under Partnership Insurance.
Select the correct answer from the list below
Copy of Partnership deed, Firm's income proof including audited P/L and Balance sheet & ITR's for last 3 assessment years, Partnership Questionnaire
Copy of Partnership deed, Firm's income proof including audited P/L and Balance sheet & ITS's for last 3 assessment years, Partners individual ITR's for last 3 assessment years, Partnership Questionnaire
Copy of Partnership deed, Firm's income proof including audited P/L and Balance sheet & ITR's for last 2 assessment years, Partners individual ITR's for last 2 assessment years,
Copy of Partnership deed, Firm's income proof including audited P/L and Balance sheet & ITR's for last 3 assessment years, Partners individual ITR's for last 3 assessment years
Mr. Bannerjee has applied for Term Plan Click 2 Protect Life and submitted his salary slip as income proof. To check the term protection eligibility of Mr. Banerjee what will you check in his salary slip ?
Select the correct answer from the list below
Month (Salary slip should be of the immediately preceding 3 months
Name (it should be in the name of life assured in case the proposer is different from the life to be insured)
Net Salary (this should match the income mentioned in the proposal form)
All of the above
While analyzing the allowable protection cover ,only the earned income is considered.
Identify whether the above statement is True or False
TRUE
FALSE
What errors you must avoid to be FTR while login- in Term Solution ?
Select the correct answers/statements from the list below
Create Payer role during login-in third party payer cases
Not upload same documents multiple times
Both the above statements are incorrect
Both the above statements are correct
Identify the incorrect statements with regards to PCV Chat
Verification should be done by the customer only
Applicable for only those customers who are not available for Insta Verify/calling process
Customer should click his / her own photo and upload. Photo should not be chosen from the mobile gallery
Customer has to read the script loud in the video
Only the physical coloured photo of the life assured is accepted for business logins.
Identify whether the above statement is true or false
TRUE
FALSE
