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Worksheets

Day 1

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What is the full form of EDP ?

a)

Examine, Development, Prescription

b)

Examine, Diagnosis, Prescription

c)

Examination, Description, Prescription

d)

All of the above

2.

Under SPP how is the paid up value calculated?

a)

Premium paid/ premium payable* SA

b)

Premium payable/ premium payable* SA

c)

Premium paid/ premium payable* SA + Bonus or Guaranteed Addition

d)

All of the above

3.

What will you do under examine stage of Need Analysis?

a)

Ask questions

b)

Self Introduction

c)

Build rapport and connect

d)

All of above

4.

If customer age is 40 and he wants to plan for retirement planning, which product you will pitch?

a)

SPP

b)

SPA

c)

Wealth Builder

d)

Annuity plus

5.

What is the difference between open and close ended questions?

a)

Under open ended questions detailed discussions takes place

b)

Under short ended questions small answers are expected. Like yes or No, Short/ small answers Example, how many family members you have in family? 3 members, 4 members

c)

You should use both open ended and close ended conservations with customer

d)

All of the above

6.

If customer invests Rs 100000 for 7 years in SPA plan how much maturity customer will get after 15 years?

a)

13.25 L approx

b)

13.75L approx

c)

14.5L approx

d)

13.5L approx

7.

If customer invests Rs. 200000 per annum for 10 years then how much income customer will get for next 25 years and maturity amount in SPP plan?

(Assume 95% income)

a)

190000 for next 25 years and 11 lakh maturity amount

b)

190000 for next 25 years and 22 lakh maturity amount

c)

195000 for next 25 years and 11 lakh maturity amount

d)

190000 for next 25 years and 22 lakh maturity amount

8.

A person age 40 walks into your branch what type of questions you may ask to customer?

a)

Your occupation

b)

Your family details

c)

Investment details

d)

Residence and location details

e)

All of the above

9.

What is KASH concept ?

a)

Success formula of life

b)

Knowledge , Attitude, Skill, Habits

c)

It's applicable to all

d)

All of the above

10.

What is the difference between par and non plan?

a)

Par plans are non-guaranteed plans

b)

Bonus is guaranteed once declared

c)

Non- par is best for fix and sure returns

d)

Shubh nivesh, Humsafar, Smart Bachat are examples of par plans

e)

All are correct