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WorksheetsMonthly Quiz Tele Team
Total questions: 20
Worksheet time: 7mins
Name
Class
Date
1.
What is the Guaranteed Terminal Addition for 10 and 12 PPT in Assured Gain Plus Plan ?
a)
30% and 36%
b)
45% and 36%
c)
45% and 30%
d)
36% and 45%
2.
What are the PPTs available in Assured gain Plus Plan ?
a)
8, 10, 12, 15
b)
10, 12, 15
c)
10, 15
d)
12, 15
3.
What is the Sum Assured on Death for <45 age in Assured Gain Plus plan ?
a)
7 times
b)
10 times
c)
Both
d)
None
4.
What is the min Premium required in Assured Gain Plus for Limited Pay?
a)
40K
b)
30K
c)
50K
d)
1Lakh
5.
What is Min Maturity Age in Assured Gain Plus plan for Limited Pay?
a)
45
b)
35
c)
25
d)
18
6.
Which Type of plans are allowed under keyman Insurance ?
a)
All savings plans
b)
Perticipating Plan
c)
Term plan with Riders
d)
Term plan withour Riders
7.
Under which section of Income tax the employer will get tax deduction for key man policies
a)
Sec 194 A
b)
Sec 195 A
c)
Sec 37(1)
d)
Sec 35 (1)
8.
What are the documents required for Key man?
a)
Memorandum and Article of association
b)
Key man supplementary questionaire
c)
Board Resolution
d)
All of the above
9.
Death benefits of Keyman Insurance is not taxable in the hands of Employer , true /false
a)
True
b)
Flase
10.
A Trust is created on policy issuance and the wife or children become beneficiaries. On the demise of the husband , the policy payour is passed on to beneficiaries through trust, In which type of account does this type scenario falls?
a)
Trust
b)
HUF
c)
MWPA
d)
Household
11.
The policy can be bought for the karta or co parcenars and compensate for financial loss in case of any of their deaths, In which type account does this policy falls under?
a)
Karta
b)
Trust
c)
HUF
d)
Family Account
12.
The Maximum Maturity age in HDFC Life Saral Jeevan is ________ Years.
a)
55
b)
65
c)
75
d)
85
13.
MR. Shiva is interested in purchasing an HDFC Life Saral Jeevan. He wants to know the death benefits this plan offers. What should sales person tell him? Select the correct answer from the list below.
a)
105 % OF The Total premium paid
b)
6% of Total premium paid which is compounded annually
c)
10 times of annualized premium
d)
Highest of 10 times of annualized premium or 105 % OF The Total premium paid
14.
Mrs. Shivani is interested in purchasing an HDFC Life Saral Jeevan. She wants to know the benefits this plan offers. As a sales representative, guide her out the given options which benefit will not match with the product?
a)
100% Guaranteed returns
b)
Life Cover only in PPT
c)
Flexible Income Benefit Options
d)
Life Cover for the entire Policy Term
15.
What are the Income payout options in Income Advantage Plan
a)
Pure Income Benefit
b)
Income with Maturity benefit
c)
Both the options
d)
Nove of the above
16.
Guranteed Income for 8 years PPT ……….
a)
25% of basic SA annually
b)
16.67% of basic SA Annually
c)
13.67% of basic SA Annually
d)
15% of basic SA Annually
17.
Benefit payout term in Income advantage plan ?
a)
8yrs
b)
12yrs
c)
15yrs
d)
All of the above
18.
what are the payout option available for the customer to choose in Smart Income plan
a)
Enhanced maturity
b)
Enhanced Income
c)
Both
d)
None of the above
19.
What are the options in Smart Income plan to receive survival benefits during Income payout term ?
a)
10/15/20/25yrs
b)
12/16/20/24 yrs
c)
12/16/20/25yrs
d)
12/15/20/25yrs
20.
What is the maximum age at maturity in Smart Income plan ?
a)
97yrs
b)
100yrs
c)
95yrs
d)
90yrs
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