Retail Plan Quiz

Which among the following is the regulator for the insurance industry in India?

• Insurance Authority of India
• Insurance Regulatory and Development Authority of India
• Life Insurance Corporation of India
• General Insurance Corporation of India

Which among the following is a method of risk transfer?

• Bank FD
• Insurance
• Equity shares
• Real estate

Life Insurance covers the risk of -

• Dying too early
• Living too longer
• Both are correct
• Both are wrong

Sanchay Fixed maturity plan is a

• Non PAR
• PAR
• Linked Insurance
• NON Linked Insurance

Mr. Ravi Agarwal opts for HDFC Life Sanchay Fixed Maturity Plan along with his wife Mrs. Meera. In case of the unfortunate demise of the first life assured, Death Benefit will be payable. And In case of the unfortunate demise of the second life assured as well after a few years, Deducted death benefit will be payble. Identify whether the above statement is true or NOT True.

• True
• Not True

Ms. Myra is interested in HDFC Life Sanchay Fixed Maturity Plan. However, she does not want to keep paying premiums. What option does she have to still buy the plan? Select the correct answer from the list below.

• Pay a single premium
• Pay premiums for a limited period
• Opt for SI / ECS

What will be the death benefit for single premium policy in sanchay FMP

• 1.25 timess -1.5 times
• 10 times
• 15 times
• 20 times

In sanchay FMP joint life option available in

• Rguler policy premium
• Limited policy premium
• Single policy premium
• All the Aabove

Minimum Entry age of Sanchay FMP

• 30 Days
• 90 Days
• 18 Years
• 1 Year

What will be the death benefit for Limited premium policy in sanchay FMP

• 1.25 timess -1.5 times
• 10 times
• 15 times
• 20 times