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WorksheetsSAGA - Sanchay Aajeevan Guaranteed Advantage by Rahul Sharma
Total questions: 15
Worksheet time: 15mins
Neha wants to know the Guaranteed Income Rates (Annuity Rates) range from
8% to 21%
8.4% to 21%
7.4% to 21%
6.4% to 21%
Sanya and Kiara want a life insurance plan that covers both of them. Which option offers a Joint Life plan?
Future Ready
Future Secure
From which year do Guaranteed Additions accrue for a Future Ready option with a 5 Year PPT and a 20 Year PT?
At Maturity
5th Year
6th Year
11th Year
What is the minimum age for entry into the Future Ready plan?
18 years
21 years
25 years
30 years
Naira wants to know when she can withdraw 25% of her investment's principal amount.
After the 2nd year
After 3 years
Anytime during the policy term
This option is not available
Aashi is considering investing in Maturity Boosters, which are available in Guaranteed or Non-Guaranteed Income Variants. Is this statement true or false?
True
FALSE
Tina, age 36, is planning to purchase the SAGA plan using Netbanking (HDFC Bank). She has a term plan and pays an annual premium of 75,000/-. What total percentage discount will she receive?
(3+2+2) = Total 7%
(3+2+2+2) = Total 9%
(2+2+2) = Total 6%
All discounts (3+2+2+2+1) = Total 10%
What is the entry age for the With Guarantee variant?
18
40
50
60
Can customers choose a different date for their annuity payout in the "With Guaranteed Income" variant?
No, only on the policy anniversary
Yes, at any preferred date selected by the customer
What is the Guaranteed Addition % of the Sum Assured in this plan?
9%
10 times
8%
7 times
The GRR Guaranteed Rate of Return on death can be selected at what %?
8% or 10%
6% or 9%
5% or 7%
You may defer the annuity after maturity. What are the options for deferment?
any deferment between 1yr to 5yrs.
any deferment between 1yr to 12yrs.
Only Immediate Annuity can be taken.
any deferment between 1yr to 10yrs.
What is the section under which the commuted amount on maturity is tax-free?
u/s 10 (10D)
u/s 10 (10A)(iii)
u/s 80CCD
u/s 10 10 3
What is the partial withdrawal limit for liquidity in this SAGA plan after three policy years?
25% of death benefit
25% of annual premium
25% of total premiums paid
60% of total premiums paid
Can you take an annuity after maturity from any other insurer company?
Yes, but 50% of the annuitized amount should be from HLIC.
Yes, but 60% of the annuitized amount should be from HLIC.
No, only from HLIC.
100% of the annuitized amount can be from any insurer.
