Concepts Quiz

Married Women's Property Act 1874 (MWP Act) was created to protect the properties owned by women from relatives, creditors and even from their own husbands.

• Yes

• No

The beneficiaries in Married Women's Property Act 1874 (MWP Act)  can be?

• The wife alone

• The child/ children alone (both natural and adopted)

• Wife and children together or any of them

• All of the Above

The beneficiaries of the plan once declared _____________

• Can be changed at any time by the proposer.

• Cannot be changed at any time by the proposer.

In case of a death claim, the policy proceeds are received by _____________

• The debtors or part of the estate of the proposer to recover the loan

• The trust and cannot be claimed by the debtors nor will it form part of the estate of the proposer

The Section 6 of the MWP Act covers life insurance plans. Any married man can take a life insurance policy under MWP Act. This includes divorced persons and widowers.

• True

• False

At which rate Sanchay Par Advantage offer accrued bonus?

• Repo Rate

• Reverse Repo Rate

• Bank Rate

• Saving Account Rate

For how many years Sanchay Par Advantage plan offer guaranteed survival benefit under Deferred Income option?

• Whole Life

• 25 Years

• Till Maturity

• 30 Years

In Sanchay PAR Advantage how many times we can accrue our Cash Bonus during policy term?

• One time only

• 10 times during policy term

• Any number of times

• Cannot accrue

In Immediate Income Option of Sancahy PAR Advantage Income starts:

• After Premium Paying Term + 1 Year

• After 1st Month of Issuance

• No Income Available

• Only Lumpsum at Maturity

Ramesh wants a plan which offer Whole Life Income and Whole Life Cover, Is Sanchay PAR Advantage right product for him ?

• True

• False