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WorksheetsMasti KI Paatshaala Quiz 1
Total questions: 25
Worksheet time: 13mins
Is graduation compulsory for NRI to avail a term plan?
Yes
No
What is the minimum salary/income required for a NRI to avail term plan?
10 Lakhs
20 Lakhs
5 Lakhs
2.5 Lakhs
For a NRI, is his income proof required?
Yes
No
A customer has an existing policy with sum assured of 2 cr. He also wants his wife to take a term plan. What is the maximum SA she can be given being housewife?
50 Lakhs
1 Cr
1.5 Cr
2 Cr
What is the minimum education qualification required to purchase a term plan for a Housewife?
Post Graduation
Graduation
HSC / Diploma
SSC
What is the min. educational qualification required to opt for Quick Protect Solution. (QPS)
SSC & above
HSC & above
Graduate
Post Graduate
Upto what cover (SUC) VMER is applicable for NRI customer segment?
1 Cr
2 Cr
2.25 Cr
2.5 Cr
A Housewive can take a term plan. Graduation is mandatory and can opt Upto Spouse’s Term Cover or as per band eligibility(basis husbands income) - Max upto INR 1 CR
True
False
What is the minimum income criteria for SSC passed customers to opt for term plan ?
2.5 Lakhs
4 Lakhs
5 Lakhs
10 Lakhs
What is the income multiple factor for age band of 36- 40?
25 times
20 times
15 times
12 times
In C2P Super , which life stages are covered under the life stages option ?
Marriage , 1st child, 2nd Child
Marriage, 2nd child, 3rd Child
2. When can the Smart Exit option be excercised ?
After completion of 30 years of policy term except in the last 5 years
Before completion of 30 years of policy term including last 5 years
In the last 5 years of the policy term
None of the above
What is the maximun spouse cover that is allowed under C2P super ?
50 Lakhs
75 Lakhs
1 Cr
2 Cr
In which variant, customer has an option to decrease his life cover ?
Life
Life Plus
Life Goal
All of the above
In C2P SUPER Renewability at Maturity option is available
True
False
In C2P Super, under Accelerated Terminal Illness benefit, full death benefit will be paid in advance if the LA is diagnosed with Terminal Illness
True. Death Benefit will be paid in advance
False. Death Benefit cannot be paid in advance
In Life stage option, increase in cover is available and can be exercised only if
it is intimated within a period of 6 months from the date of event
No claim has been made
LA age is less than 45 years during the event
All of the above
In waiver of premium on CI option, all future premiums will be waived off on diagnosis of any one out of the covered __ Critical Illnesses
19
36
60
89
In Death Benefit in installments option, the nominee can receive full or part of the death benefits in installments over a period of ?
5 Years
10 Years
15 Years
5 to 15 years
In C2P Super plan you can convert the outstanding regular premiums into a limited pay period without any fee / charges
True
False
What should be the min. annual Income for Graduate Salaried person to apply for C2P Super plan upto 50L SA ?
5 Lakhs
2.5 Lakhs
3 Lakhs
7 Lakhs
What should be the min. annual Income for SSC completed Self employed to apply for C2P Super plan ?
8 Lakhs
7.5 Lakhs
10 Lakhs
5 Lakhs
What is the new max. spouse term cover limit for the graduate housewife in C2P Super ?
Upto Spouse's cover or Max INR 1Cr
2 Cr
3 Cr
50% of Spouse's cover or Max INR 1Cr
How HLV is calculated ?
Earning Years * CTC
Current age * CTC
Retirement age * CTC
Only CTC
Q5) What is the Income Multiple Factor applicable for age band 41 to 45 as per HLV thumb rule ?
15 Times
25 Times
20 Times
10 Times
