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pension

Total questions: 8

Worksheet time: 4mins

Name
Class
Date
1.

In the financial pyramid, what comes the top priority?

a)

Buying a car

b)

Protection

c)

Savings for children education

d)

Creating an arrangement for retirement life

2.

Majorly, on what parameter based on which the HLV is calculated

a)

Income

b)

Gender

c)

Educational qualification

d)

Age

3.

Term Plan addresses..

a)

Savings

b)

Appreciation of money

c)

investment

d)

Financial Compensation

4.

Health Insurance is taken for

a)

Luxury

b)

Showing status

c)

meeting the unexpected medical expenses

d)

Mandatory

5.

What is under insurance?

a)

Insurance without undewriting

b)

Not having adequate insurance cover

c)

Taking insurance under a guardian

d)

None of the above

6.

What is the advantage of health insurance?

a)

Cover for entire family

b)

Claims on cashless modes

c)

Portablity

d)

All of the above

7.

Out of the following what are the deciding factors to decide on insurance coverage? (Select Multiple answers)

a)

Age

b)

Income

c)

language skills

d)

culture

8.

Out of the following which one could be a luxury items

a)

Investment in Stocks

b)

A car worth of 20 lakhs

c)

A education loan

d)

Term Insurance