WorksheetsTerm Insurance Quiz 2
Total questions: 10
Worksheet time: 5mins
If a person bought a MAX Life term insurance cover of 3 Cr and gets diagnosed with a terminal illness a few years down the line, how much will the insurance company pay for the same?
1 Cr
3 Cr
Nothing
1.5 Cr
Suppose I opt for an increasing cover option with base cover as 1 Cr from MAX Life and the tenure of the policy is 30 years. How much cover will I have in the 30th year?
2 Cr
3 Cr
1.5 Cr
4 Cr
If I get a CI after 2 months of policy issuance, will I get a CI payout for the same in MAX Life policy?
No
Yes, after 14 days
Yes, after 30 days
Yes, after 60 days
If I meet with an accident and die after 9 months because of that accident, will there be payout for Accidental death benefit in MAX Life policy if opted?
No
Yes
If we start with a 1 Cr cover from MAX Life and haven't opted for an increasing cover amount, is there any way by which we can increase the cover amount in the future in the same policy? If yes, how?
Yes, Voluntary top-up
Yes, Life stage
Yes, by buying one more policy from the same company
No
If someone purchased a MAX Life policy at the age of 40 and the policy age is till 85, when can they exercise the special exit benefit?
At the age of 65
At the age of 70
After 10 years
Not applicable in this case
How much cover can you opt for in HDFC Life for the Accidental death benefit?
100% of the base cover amount
50% of the base cover amount
Up to 1 Cr
Not applicable
If someone opts for a 15 pay in MAX Life, what will be the CI rider term duration?
15 years
30 years
40 years
Till the policy age
What is the multiplier used to calculate the maximum cover amount eligibility for a 41 years old person?
15X
12X
20X
10X
If the gross income of a customer aged 35 is 8 LPA, can they opt for a 2 Cr base term cover?
No
Yes
