1. Vesting benefit on surviving the policy term in HDFC Life Systematic Pension Plan will be the higher of: Select the correct answer from the list below.
Systematic Pension Plan KA 1

Quiz
•
Fun
•
1st - 5th Grade
•
Hard
Sagar Kamat
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sum Assured on Vesting + Accrued Reversionary Bonus + Interim/Terminal Bonus, if declared
Assured Benefit on vesting which is equal to the total premiums paid accumulated at 4% per annum compound
Higher of the first or the second options above
None of these
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. In HDFC Systematic Pension Plan, ____________ gets added to your pension corpus due to participation in the profits of the insurer. Select the correct answer from the list below.
simple bonus
terminal bonus
compound bonus
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. A customer participates in the profits of the participating fund of the company through HDFC Life Systematic Pension Plan. What does he or she get in return? Select the correct answer from the list below.
Regular income
Bonuses declared by the company
Exceptionally high pension
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. In HDFC Life Systematic Pension Plan, a prospect can choose: Select the correct answer from the list below.
Premium payment term
Death benefit option
Bonus options
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5. Mr. Zeeshan, 40, has chosen for the single premium payment option of HDFC Life Systematic Pension Plan. He pays a single premium of ₹ 10 Lakhs and remains invested in his policy for the next 25 years. At 65, the age of vesting: a) He will receive a maximum of 60% of the corpus as commuted amounts completely tax-free b) He will have to invest at least 40% of the remaining corpus in annuity; he will then receive annuity for life as per the desired frequency Identify if the above statement is true or false.
TRUE
FALSE
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6. HDFC Life Systematic Pension Plan provides regular income plus life cover - is this the right sales pitch for the product? Select the correct answer from the list below.
Yes
No
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7. In HDFC Life Systematic Pension Plan, sum assured on vesting is an amount which is guaranteed to become payable on vesting of the policy, and is calculated as: Select the correct answer from the list below.
For Single Pay, Sum Assured on Vesting = Single Premium Paid
For Limited / Regular Pay, Sum Assured on Vesting = Annual Premium multiplied by the Premium Payment Term
Both of these
Create a free account and access millions of resources
Similar Resources on Wayground
14 questions
PHIL 2 - DESCARTES PART 1

Quiz
•
1st - 3rd Grade
15 questions
Qui a dit...?

Quiz
•
1st - 8th Grade
8 questions
FTR Quiz

Quiz
•
5th Grade
15 questions
TSS 20Maret

Quiz
•
1st Grade
8 questions
Faxuellt vecka 3

Quiz
•
4th - 6th Grade
10 questions
La famille

Quiz
•
2nd - 5th Grade
10 questions
the adventures of TOTO.

Quiz
•
KG - University
11 questions
Unit 3 - Facing your fears

Quiz
•
5th - 6th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade