Guaranteed Pension Plan

HDFC life guaranteed pension plan gives the customer the advantage of...

• Limited pay term

• Tax benefit

• Vesting addition and Guaranteed addition

• All of the above

Guaranteed pension plan is ____ , ____ pension plan which offers guaranteed returns to the policy

Entry age

a) minimum:-

b)maximum:-

• 18,60

• 20,50

• 18,70

• 20,60

Guaranteed addition of 3 percent of some assured on vesting accrued for each completed policy year. True or False?

• True

• False

Liquidity option is not available to opt for policy loans

• True

• False

• Can't say

Guaranteed death benefit equals to total premiums paid to date accumulated at 6% pa

• True

• False

• Both in some cases

• Neither

Tax benefits- deduction u/s 80CCC for premium paid and 60% commutation exempt under section 1010A (iii)

• False

• True

• Can't say

• Can say

Advantages of guaranteed returns are

• Guaranteed editions

• 3% of SA on vesting for each completed policy year

• 3% of sum assured SA on vesting into PT

• A,B,E are correct

• A lump sum percent of sum assured of SA as per PT is added

Minimum and maximum vesting age is

• 40,80

• 55,70

• 40,70

• 25,80