WorksheetsCENTURY PLAN
Total questions: 15
Worksheet time: 15mins
CP is
non linked par plan
unit link non par plan
pure term plan
Super Income will give guaranteed
cash bonus min 20% on AP @ PPT
cash bonus min 10% on AP @PPT
cash bonus is guaranteed only on maturity
smart income will not give
immediate income with bonus boosters post ppt
terminal bonus at maturity
guaranteed returns
future option will not give
capital protection at maturity
guaranteed cash bonus
immediate income
Customer need not pay tax even if tax rates keep increasing over a period of 100 years
true
false
GST applicable from 1st year
18%
4.50%
12.25%
which option is an add on advantage of a century plan on a ULIP
No impact of LTCG or STCG
No reduction in life cover post withdrawal of bonus
no impact on accumulated bonus on market volatility
all of the above
PPT of 5,6,7,9 is not available with
Future Income
Super Income
Smart Income
Max age capped with family care is
55
60
50
Riders available are
10 SI + ADB
35 CI
Both ADB riders
Fixed income term for an 80 year PT
30
15
20
At any point of time minimum death benefit applicable is
110% of all premiums paid till death
150% of all premiums paid till death
105% of all premiums paid till death
Benefits of investing in a participating plan
min guarantee on cash bonus
bonus gets guaranteed once declared or accumulated
comprehensive tax benefit
all of the above
Without family care, future premiums are waived off on death of proposer during PPT
true
false
On death of proposer , without family care, nominee still receives bonus during lifetime
False
True
