Readiness assessment 3rd Day 1st Half 13th Feb'23

The Super Income Plan provides regular income for 8 to ___ years after the premium payment term in regular pay. Select the correct answer from the list below.

• 10

• 15

• 20

• 16

Which of the following key features of the Super Income Plan are possible? Select the correct answer from the list below.

• Sumit gets Guaranteed Base Income  payouts half-yearly.

• Riya, aged 30, who bought a 16-year policy when her daughter was two, gets a guaranteed addition on maturity.

• Pulkit buys a 20-year policy for his 2-year-old daughter and gets yearly payouts after paying premiums for 10 years.

• Yajuvendra does not want to go for medical examination and provides a fitness certificate.

For a Super Income Plan policy where all due premiums have been paid, the maturity benefit will be the aggregate of which of the following? Select the correct answer from the list below. 

• Last Guaranteed Base Income payout, Accrued Reversionary Bonuses, Interim Bonus and Terminal Bonus, if any

• Final Income Payout, Accrued Interests, Guaranteed Income where applicable 

• Sum Assured, Accrued Reversionary Bonus

• Last Payout, Accrued Interests, Guaranteed Bonuses, if any

If Chosen at Inception, the Immediate Income Option of HDFC Life Sanchay Par Advantage offers payouts next month onwards.

• FALSE

• TRUE

Guaranteed income under HDFC Life Sanchay Par Advantage is available only under the ________________. Select the correct answer from the list below.

• Immediate Income Option

• Deferred Income Option