WorksheetsRevised GLIP
Total questions: 11
Worksheet time: 5mins
Premium Payment mode can be changed during PPT? True or False
Yes
No
How much Loan % can be availed availble under Ltd Pay New GLIP.
Upto 50%
Upto 85%
Upto 80%
Upto 90%
Annuity payout mode (M/QTR/SA/A) can be changed later
after annuity starts, if required and requested for?
True
False
What is the Full form of GLIP?
Guaranteed Life Income Plan
Guaranteed Joint Life Income Plan
Guaranteed Joint Lifetime Income Plan
Guaranteed Lifetime Income Plan
If customer pays Rs 2L per annum under 5/5 PPT/PT GLIP plan and annuity rate is 8% how much annuity annuitant will get?
Rs. 80000
Rs.16000
Rs.160000
Rs 8000
per month
Why Should cutomer will invest in GLIP?
Life time
Guaranteed
Returns
Joint Life option
Single and Ltd Pay options availble
Minimal Documentation
All of the
above
What is the GST applicable under Ltd Pay GLIP?
4.75% in first year &
2.25% in subsequent years
4.55% in first year &
2.225% in subsequent years
4.75% in first year &
2.5% in subsequent years
4.50% in first year &
2.25% in subsequent years
GLIP is a Par Plan?
True
False
Till what amunt there is no income proof required under Revamped GLIP?
Upto 50 L Premium
Upto 30 L
Premium
No Income proof required for any limit
Income proof is mandatory for financial unerwriting purpse
What is the minimum and maximum entry age under Revised GLIP?
30 to 80 years
25 to 80 years
35 to 80 years
25 to 85 years
What is the first year and Renewal commission unde Ltd Pay GLIP?
2% & 7.5%
2% Only
7.5% & 2%
2% & 7.5%
