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Existing Batch Readiness Assessment HDFC Bank ending on 5th Dec

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

What is the name of the Managing Director and Chief Executive office of HDFC  Life? Select the correct answer

a)

Vibha Padalkar

b)

Suresh Badami

c)

Deepak Parekh

2.

To which branch catagory does the smallest and New bank branch belong to? Choose the correct option 

a)

A,I

b)

I,Z

c)

Z,I

3.

Why is it important to engage and built rapport with the SP of the bank branch? Select the correct option

a)

SP knows the customer and they may be in the SP portfolio

b)

Customer may not talk to anyone else except the mapped SP or bank personals

c)

SP interact with the customers directly, they know the customers' profile, their needs and banking preferences

4.

Which of the following statements is true? Select the correct answer from the list below.

a)

Insurance protects the asset

b)

Insurance reduces possibility of loss in entirety

c)

Insurance prevents loss of an asset

d)

Insurance compensates for the financial loss of an asset

5.

Unit-linked Life Insurance Plans (ULIPs) allow a customer to participate in the market (equity and/or debt) to invest their money and also offer a life cover. Identify whether the above statement is true or false.

a)

TRUE

b)

FALSE

6.

Mr. Purab Shetty has purchased  a life insurance plan. Under this plan he will receive a guaranteed amount on maturity. The plan does not participate in the profits of the life insurance company. Which of the following insurance plan has he purchased? Select the correct answer from the list below.

a)

PAR Plan

b)

Annuity Plan

c)

Non-PAR Plan

d)

ULIP

7.

Ms Sucheta Gupta, aged 39 years, is an architect by profession and married to Rahul who is a Doctor. She is having a 5 years old son. Identify which could be her Top 2 financial needs?

a)

• Life Cover • Tax Planning

b)

• Life Cover • Children future financial planning

c)

• Retirement Planning • Life Cover

d)

• Children future financial planning • Loan Liabilities

8.

Ms Poonam Wadekar,aged 48 years is working with an MNC . She lives with her husband and has no children. She wants to have life cover and would also like to supplement her pension post retirement which is due in next 12 years. Which option of Click to Protect Life will suit her best?

a)

Life Protect option

b)

Income Plus option

c)

Life & Critical Illness Rebalance option

9.

For a Super Income Plan policy where all due premiums have been paid, the maturity benefit will be the aggregate of which of the following? Select the correct answer from the list below. 

a)

Last Guaranteed Base Income payout, Accrued Reversionary Bonuses, Interim Bonus and Terminal Bonus, if any

b)

Final Income Payout, Accrued Interests, Guaranteed Income where applicable 

c)

Sum Assured, Accrued Reversionary Bonus

d)

Last Payout, Accrued Interests, Guaranteed Bonuses, if any

10.

Guaranteed income under HDFC Life Sanchay Par Advantage is available only under the ________________. Select the correct answer from the list below.

a)

Immediate Income Option

b)

Deferred Income Option

11.

What will be the death benefit if the customer dies during the payout period under the Long term income option of Sanchay Plus ?

a)

105% of paid premium

b)

Nominee will get income for remaining years of the payout period

c)

10 times of annual premium

12.

What will be the maturity benefit under Sanchay Fixed Maturity Plan?

a)

Sum Assured Plus Accrued Reversionary Bonus

b)

Sum Assured plus ROP

c)

Sum Assured on Maturity. Where, Sum Assured on Maturity is equal to (Annualized Premium or Single Premium) x Guaranteed Maturity Multiple (GMM).

13.

What are the various ways you can get leads from the bank?

a)

From your mapped Sales SPs

b)

Walk in customers:By effective lobby management and Referrals

c)

Lead generation-Through targetted customer segment based activity

d)

All the above will help in getting the leads.

14.

Classification of Managed customers are

a)

Classic,Imperia,Royal

b)

Classic,Preferred

c)

Classic,Preferred,Imperia

d)

Classic ,Preferred,Royal

15.

Every Walk in customer can be a prospect for you.You have _________ minutes window of opportunity with a customer at the lobby

a)

1-2

b)

5-10

c)

15-20

d)

20-30