Ms. Amrita Kadayam had purchased Sanchay Plus plan with the Long Term Income Option. Will she receive the ROP at the end of the payout period?

Day 3 2nd Half

Quiz
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Other
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Professional Development
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Hard

Hemant Trivedi
Used 1+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Yes. Life Long Income option and Long Term Income option gives Return of Premium at the end of the payout term.
No, Guaranteed Income Option and Life Long Income option gives Return of Premium at the end of the payout term.
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Mr. Anand had purchased Sanchay Plus with the Long Term Income Option for a 8 PPT and 2 year Deferment period. On 11th year instead of regular income he wanted to take the future payouts as a lump sum. Can he do so?
No, he will get all future payouts as regular income only
Yes, On the maturity date, he shall have an option to receive the Guaranteed Sum Assured on Maturity, which under this option, shall be the present value of future payouts.
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What will be the death benefit if the customer dies during the payout period under the Long term income option of Sanchay Plus ?
105% of paid premium
Nominee will get income for remaining years of the payout period
10 times of annual premium
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What will be the maturity benefit under Sanchay Fixed Maturity Plan?
Sum Assured Plus Accrued Reversionary Bonus
Sum Assured plus ROP
Sum Assured on Maturity. Where, Sum Assured on Maturity is equal to (Annualized Premium or Single Premium) x Guaranteed Maturity Multiple (GMM).
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What are the ppt option available under Systamatic Retirement Plan?
PPT 5 - 10 Years
PPT 10 & 12 Years
Wide range of ppt ranging from 5 to 15 years
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