NEW
Font size
WorksheetsROB Day 4
Total questions: 10
Worksheet time: 5mins
The Super Income Plan provides regular income for 8 to ___ years after the premium payment term in regular pay.
Select the correct answer from the list below.
10
15
20
16
Which of the following key features of the Super Income Plan are possible?
Select the correct answer from the list below.
Sumit gets Guaranteed Base Income payouts half-yearly.
Riya, aged 30, who bought a 16-year policy when her daughter was two, gets a guaranteed addition on maturity.
Pulkit buys a 20-year policy for his 2-year-old daughter and gets yearly payouts after paying premiums for 10 years.
Yajuvendra does not want to go for medical examination and provides a fitness certificate.
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.
Last Guaranteed Base Income payout, Accrued Reversionary Bonuses, Interim Bonus and Terminal Bonus, if any
Final Income Payout, Accrued Interests, Guaranteed Income where applicable
Sum Assured, Accrued Reversionary Bonus
Last Payout, Accrued Interests, Guaranteed Bonuses, if any
If Chosen at Inception, the Immediate Income Option of HDFC Life Sanchay Par Advantage offers payouts next month onwards.
FALSE
TRUE
Guaranteed income under HDFC Life Sanchay Par Advantage is available only under the ________________.
Select the correct answer from the list below.
Immediate Income Option
Deferred Income Option
Ms. Amrita Kadayam had purchased Sanchay Plus plan with the Long Term Income Option. Will she receive the ROP at the end of the payout period?
Yes. Life Long Income option and Long Term Income option gives Return of Premium at the end of the payout term.
No, Guaranteed Income Option and Life Long Income option gives Return of Premium at the end of the payout term.
Mr. Anand had purchased Sanchay Plus with the Long Term Income Option for a 8 PPT and 2 year Deferment period. On 11th year instead of regular income he wanted to take the future payouts as a lump sum. Can he do so?
No, he will get all future payouts as regular income only
Yes, On the maturity date, he shall have an option to receive the Guaranteed Sum Assured on Maturity, which under this option, shall be the present value of future payouts.
What will be the death benefit if the customer dies during the payout period under the Long term income option of Sanchay Plus ?
105% of paid premium
Nominee will get income for remaining years of the payout period
10 times of annual premium
What will be the maturity benefit under Sanchay Fixed Maturity Plan?
Sum Assured Plus Accrued Reversionary Bonus
Sum Assured plus ROP
Sum Assured on Maturity. Where, Sum Assured on Maturity is equal to (Annualized Premium or Single
Premium) x Guaranteed Maturity Multiple (GMM).
What are the ppt option available under Systamatic Retirement Plan?
PPT 5 - 10 Years
PPT 10 & 12 Years
Wide range
of ppt ranging
from 5 to 15
years
