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Worksheetse-Term & KASP Quiz
Total questions: 10
Worksheet time: 6mins
Insurance is Classified into
Life
Non-Life
Reinsurance
All of the Above
Minimum and Maximum Entry Age and Policy Term in e-Term is
18 - 65, 5 - 85
18-60, 5-65
3-60, 5-60
18-55, 5 - 55
Unique Selling Points of e-Term are
Step - UP to Increase Sum Assured
Special Exit Value as Return of Premium
5% Discount on 1Yr Premium for Salaried and Existing Customers
All of the Above
Death Benefit or Life Cover in KASP is
11 times of Annual Premium
10 times of Annual Premium
7 times of Annual Premium
11 times of Annual Premium + Guaranteed Yearly Additions
Premium Payment Term and Policy Term in KASP are
PPT 10yr
Policy Term 15yr
PPT 5yr
Policy Term 20yr
Life Guardian benefit Rider features
Should be Added when Proposer and Policy Holder are different
Max Age of Proposer must be 50 or less
Premiums are waived off if Proposer meets with Risk during Premium Payment Term
All of the Above
The Returns in KASP are
Guaranteed
Given at end of 15th or 20th Year
Partially Guaranteed
Given at end of 10th or 15th yr
Kotak Assured Savings Plan can be Bought by
Customer age 3 - 60
Those who want a One time Lump Sum Amount
Those who have 15yr or 20 yr Goal
All of the Above
Premium Payment Terms available in e-Term are
Single Premium
Regular Premium
Limited Premium of 5, 7, 10, 15, Pay till 60
All of the Above
Conditions to purchase e-Term are
Graduation and Above
Salaried with 5L + annual Income
Self Employed with 10L + Annual Income
All of the Above
