Quiz New.Banca

Mr. Saleem is a new FLS, he was not sure that in which PPT/ PT combination of Guaranteed Maturity Option in Sanchay Plus, offers the highest IRR. Help him to identify the correct option

• PPT - 8 year, PT - 18 years

• PPT - 8 year, PT - 16 years

• PPT - 5 year, PT - 15 years

• PPT - 5 year, PT - 11 years

What all new PPT option introduced in Guaranteed Maturity option of Sanchay Plus?

• 5,6,7

• 7,8,10

• 8,9,10

• 7,8,9

During team huddle FLS were confused about PPT terms available in Sanchay Plus Guaranteed Maturity option with new changes. How many PPT options are available under Guaranteed income option in Sanchay Plus.?

• 5

• 4

• 6

• 7

Mr. Deepak Age 30 years is self employed, has a son and a daughter. He wishes to have a lumpsum amount after 20 years for higher education for his kids so he is interested in having fix maturity at the end of PT. He is advised to take Sanchay FMP. Now Mr. Deepak wants to know the maturity benefit available in Sanchay FMP. What is the right answer ?

• Sum Assured on Maturity + Guaranteed Addition

• Annual Premium * Guaranteed Maturity Multiple

• Sum Assured + Accrued Cash bonuses + Terminal Bonus

• Annual Premium + Guaranteed Bonus

Mr. Sohan has taken Sanchay FMP (Single Premium) with joint life option and his wife Mrs. Sushma as second Life. Mr Sohan opted for 10 times of SA with policy term of 10 years. Unfortunately Mr Sohan dies on 5th year of the policy term. What death benefit will be paid ?

• 10 times of the Single Premium and policy terminates

• 10 times of the Single Premium paid and policy will continue

• 1.25 times of the Premium paid and policy terminates

• 1.25 times of the Premium paid and policy will continue

Mrs. Nayar bought a Long Term Income option in Sanchay Plus with 10 Years policy Term, with a critical income plus rider. During the 5th policy year she is diagnosed with cancer and died due to Cancer within 20 days of diagnosis of Cancer. Rider amount was 10 Lakhs. What will be the claim benefit ?

• Sum assured on death plus rider amount

• Only Sum Assured on death

• Rider amount on diagnosis plus remaining payouts to nominee

• Only Rider's sum assured

Mrs. Gulati age 35 years, bought Sanchay Plus with Long Term Income option with 10 year PPT. If she wants to take the the future payout as lumpsum during payout phase, what is the current discount rate on which calculation will be made?

• 7.50%

• 9%

• 9.50%

• 8%

Mr. Gyanesh opted Guaranteed Income Option in Sanchay Plus with 10 year PPT with Rs. 3,50,000 Annualised Premium. What enhanced benefit will he be eligible for ?

• 2%

• 1.60%

• 2.75%

• 3%

Mr Kamal Age 40 Years is intrested to buy Sanchay Plus Guranteed Income Option with 10 years PPT. FLS Gagan told the customer that he can defer the payout for some years and post deferment he will start receiveing the payout. Mr. Kamal wants to know what is minimum and maximum deferrement term in this option. Choose the correct answer. 

• 1 year

• 1 to 5 year

• 2 Year

• 0 to 5 years

Mr. Amar, aged 45 years, works in a software company. He is married and has two children who are studying in a primary school. He has purchased Sanchay Plus with the Guaranteed Income Option for 10 year PPT and 11 year policy term to have an additional income to fund his children's college education. How will he receive the maturity payout?

• He will receive a guaranteed income for 15 years, from the 11th year @ 188% of APto the 25th year in arrears, with option to take the future payouts as a lump sum.

• He will receive a guaranteed income for 10 years, from the 12th year @ 188% of AP in arrears, with option to take the future payouts as a lump sum.

• He will receive a guaranteed income for 15 years @ 168% of AP, from the 11th year in arrears.

• He will receive a lump sum payout at the end of the 11th year.