GIIP

Guaranteed Income Insurance Plan is a blockbuster product because it offers

• Life cover during the income period

• Short term and Long Term income

• Family income payout option on death

• All of these

Mr.Sagar is a 60 year old retired person, he wishes to buy GIIP. His age is a hurdle in getting good returns from the plan

• True

• False

GIIP offer death benefit in ________equated monthly installments

• 30

• 40

• 50

• 60

Mr.Chandran, age 30, has bought a GIIP. His policy term is 30 years and his premium payment term is 10 years. What will his nominee receive in case of his unfortunate demise any time during the policy term

• 100% of total premium paid

• 105% of total premium paid

• 110% of total premium paid

• 120% of total premium paid

The premium payment terms in GIIP are

• 8 and 10

• 12 and 15

• None of the above

• Both A & B

When does GIIP offer the family income payout option?

• On maturity

• On completing 10 Policy Year

• On death

• On completing 25 years

In GIIP, a prospect can choose

• PPT

• Income Term

• Death Benefit Option

• All the above

GIIP allow the following age at entry level

• 5 yrs to 60 Year

• 50 Yrs to 60 Yrs

• 30 days to 60 Years

• 30 days to 65 Yers

GIIP provides __________throughout

• Second Income

• Income for full term

• Life cover

What is the % offered as the Annual Guarnateed Payout if the premium size is between 48000 -95999 in 8 Year PPT

• 11%

• 12%

• 13%