Lawrent

What is called a participating plan?

• The plan which participates in the investment performance (as guided by IRDAI for traditional plans) of the company

• The plan which participates in the market performance

• The plans which participates in Mutual funds

• None of the above

What is the Guaranteed Addition for Classic Assure plus?

• Min 3% on SA

• 3.5% on SA

• Min 3% on total premiums paid

• 3.5% on total premiums paid

In Classic Assure Plus, the Guaranteed Reversionary Bonus is applicable for

• The entire policy term

• The first 10 years

• For seven years

• For the premium paying term

What is the terminal bonus?

• This bonus is declared every year on Sum assured

• This bonus is declared every year on the total premiums paid

• This bonus is declared every year on 10 times on annual premium

• This bonus is a one time addition at the maturity, paid as loyalty addition with respect to the policy term.

What is the maturity benefit (the amout received at the end of policy term) in a Super Income Plan

• Full Sum Assured

• Accumulated Simple Reversionary Bonus and Terminal Bonus

• The last payout along with accumulated Simple reversionary bonus with Terminal Bonus (if any)

• The last payout of the sum assured

What is the advantage of taking a policy term equal and above 20 years in Super Income Plan

• I will get extra 20% Sum Assured

• A recognition certificate will be given to the customer for taking a higer policy term

• The bonus rates will be guaranteed

• No any impact

What is the death benefit in Super Income Plan during the payout period?

• Plan will close without any benefits

• Sum assured

• Sum Assured with applicable bonus minus previous availed payouts

• A Death Benefit Sum assured along with applicable bonus, without deducting the previous availed payouts

What are the three options available in Young Star Udaan plan?

• Classic, Imperia and Preferred

• Plan A, Plan B and Plan C

• Aspirations, Academia and Career

• Career, Future and Retirement

What is the death benefit if a customer opted for classic waiver benefit in Young Star Udaan

• Death benefit will be paid and policy terminates

• Death benefit will be paid and the policy continues

• All premiums will be paid

• Death benefit will be paid and the policy continues with all future premium waived off and further benefits will be also paid as scheduled

What is the total sum assured paid in installments in case of academia and career options

• 105% and 115%

• 200% and 217%

• 34.5% and 100%

• 100% for both the options