NEW
Font size
WorksheetsSystematic Requirement Plan
Total questions: 10
Worksheet time: 5mins
HDFC Life Systematic Retirement Plan allows a prospect to start small and save consistently for retirement.
Identify whether the above statement is true or false.
True
False
Which opportunity does HDFC Life Systematic Retirement Plan allow to a customer with limited capital?
Select the correct answer from the list below.
To opt for premium payment and deferment period options of less than 5 years and derive additional annuity
To purchase an annuity without investing large capital which is facilitated through limited premium payment feature and premium payment options.
In HDFC Life Systematic Retirement Plan, death benefit is payable after deferment in __________.
Select the correct answer from the list below.
Life Annuity Option
Life Annuity with ROP Option
Both the plan options
HDFC Life Systematic Retirement Plan gives you the option to plan your income if you want to retire early in life. Identify whether the above statement is true or false.
True
False
HDFC Life Systematic Retirement Plan can be given to a customer within 24 hours and without medicals, subject to closure of Further Requests (FRs), if any. Select the correct answer from the list below.
Yes
No
As per HDFC Bank TPP guidelines, what is the age eligibility of HDFC Life Systematic Retirement Plan?
45 years to 75 years
30 years to 85 years
30 years to 75 years
45 years to 65 years
Whether the annuity amount received in the hands of the annuitant is taxable?
Yes, Annuity amount is taxable in the hands of the annuitant, as per annuitant’s applicable tax slab.
No, annuity amount is tax free for the annuitant.
Yes, TDS will be deducted before payout of annuity money to the annuitant.
What is the GST applicable to the premiums paid in HDFC Lift Systematic Retirement Plan for a Resident Indian?
No GST is applicable.
GST is applicable at 18% annually.
GST is applicable at 4.5% for the first year and 2.25% second year onwards.
In case of emergencies, is surrender option available in HDFC Life Systemati Retirement Plan?
No surrender option is available, as it is a pension plan and the amount is locked.
Yes, customer can only withdraw 1/3rd of the corpus tax-free.
Surrender is available anytime post 2nd year of the policy term, based on prevailing surrender charges.
For HDFC Bank, what is the Binder Count of HDFC Life Systematic Retirement Plan?
10% for binder and SP target
90% for binder and SP target
100% for binder and SP target
