SWAG Quiz (MAX LIFE)

What is the Minimum and Maximum Entry Age under Early Wealth Variant of SWAG Plan?

• 91days to 65 Years

• 91days to 60 Years

• 18 years to 60 Years

• 18 years to 65 Years

If customer invests Rs. 2 Lakh in SWAG - 10 pay / 25 years LTI variant and takes 5 years deferement period then how much customer will get as Guaranteed Income and maturity benefit. (Assume Income Ratio 150%)

• 300000 * 25 Years + 20L

• 300000 * 20 Years + 20L

• 300000 * 30 Years + 30L

• None of the above

If customer Invests Rs. 150000 in Early Income Variant how much per annum income he/she will get from next 30 or 40 years ? (20% Return)

• Rs. 20000

• Rs. 30000

• Rs. 40000

• Rs. 50000

If Customer Invests Rs. 1L in long term wealth variant how much Income per annum customer will get for next 30 years ? (Assume 110% Return)

• Rs. 110000

• Rs. 150000

• Rs. 125000

• Rs. 115000

What is the full form of SWAG?

• Smart Wealth Plan

• Smart Wealth Advantage Plan

• Smart Wealth Advantage Guarantee Plan

• All of the above

Why should customer invest in SWAG Plan?

• 100% Guaranteed Returns

• 100% TAX FREE under 80c & 10(10)d

• Flexibility to choose ppt/pt/ deferment period

• All of the above

Who control & regulates all insurance companies in India?

• RBI

• SEBI

• PFRDA

• IRDAI

Under Life Long Variant PCB feature is available in SWAG plan?

• YES

• NO

• Both are correct

• None of the above

In SWAG additional 50% Accidental cover of basis sum assured is added post ppt and it continue till PT or 80 years of age whichever earlier.

If customer dies due to accident post ppt and basic sum assured is 10Lakh then how much death claim would be paid?

• 10Lakh

• 15 Lakh

• 20 Lakh

• 25 Lakh

As per Budget 2023-24 from 1st April 2023 the new insurance premium above Rs 5Lakh per pan card has become taxable. Now how will you pitch to your HNI customers ?

• Invest upto 5 Lakh premium on the name of wife or major son by becoming payor

• Form HUF and invest Rs. 5Lakh through HUF

• Death benefits remains 100% tax free

• All of the above