WorksheetsR&P Induction
Total questions: 23
Worksheet time: 12mins
What are the phases of Retirement
Accumulation phase
Withdrawal Phase
Corpus phase
All of the above
What are the post retirement options are available with customers
Senior citizen scheme
Fixed Deposit
Pradhan mantri Vyay Vandan yojana
All of the above
First private life insurance company to receive license in India on 23rd October 2000
True
False
Please write Values of the HDFC LIfe
(a)
_____________ is a government sponsored pension scheme wherein subscribers contribute regularly in a pension account during their working life
Annuity
NPS
Gratutiy
The goal of annuity is to provide a steady stream of income during retirement. Identify if the statement is true or false
True
False
Which of the following steps would you take to get maximum number of NPS subscribers?
Liaise with the top corporate officials to sell HDFC Life annuity product
Conduct helpdesk to open online/ offline accounts
Registering maximum number of corporate employees on Life99 is one of the key aspects of your role. Identify if the statement is true or false.
True
False
Annuity Payout Options are
Return of Premium
Single Life
Joint Life
Specific Term
All of the above
If an annuity customer passes away after vesting, will any benefit be payable?
Yes. The nominee will receive the proceeds as per the annuity option selected by the customer at the time of vesting.
No. The Annuity Service Provider will keep the premiums as an annuity plan does not offer death benefit.
Which of the following is the benefit of investing in annuities
Regular income post retirement
Additional cover
Whole Life cover
Almost ____ of HDFC Life’s debt investments are in Government securities and AAA rated corporate bonds as on March 2022.
47%
97%
On retirement, can an NPS subscriber withdraw the entire amount contributed during his work life
yes
No
NPS Trust manages the funds deposited by subscribers towards NPS. Identify if the statement is true orfalse.
True
False
Who takes care of fund movement from Point of Presence to Pension Fund Managers?
Trustee Bank
Custodian
NPS Trust
For how long is the annuity amount guaranteed in HDFC Life Pension Guaranteed Plan
For Lifetime
For 20 year
For 25 year
A customer purchases Pension Guaranteed Plan with the Immediate Life Annuity - Joint Life option. Is any benefit payable if the secondary annuitant also dies
Yes. The annuity ceases and Death Benefit as applicable is paid to the nominee/s.
No. The Annuity ceases and no further benefit is payable
A customer purchases New Immediate Annuity Plan with the Joint Life Annuity option with 100% ROP. Is any benefit payable if the secondary annuitant also dies?
Yes. The annuity ceases and 100% of the purchase price (net of statutory levies) is paid to the nominee/s.
No. The annuity ceases and the plan terminates.
In Life99, customer’s can:
Link and track all their financial assets in a single view in one place
Get a holistic view of all the investment made
Avail benefits, discounts on services through our ecosystem partners
All of the above
Life99 is a one stop retirement platform
True
False
Which of the following is the benefit of investing in NPS?
Offers tax benefits over and above 80 C limits
No minimum deposit amount is required
Deduction up to 20% of the salary can be claimed under 80CCD(1
If the correspondence address is different than the permanent address, proof of which address should be collected?
Proof of permanent address is sufficient.
Proof of both addresses should be collected.
On which of the following portals does the PRAN get generated?
CRA
POP
Life 99
