Akshaya Plan

Akshaya is a _______ plan

• Non-Participating plan

• Participating plan

• Market linked plan

• None of the above

What are the 2 options available in Akshaya plan

• Long term & Whole life

• Short term & Long term

• Only whole life

• Only long term

Maximum entry age in Akshaya plan

• 65

• 50

• 62

• 55

What are the premium paying options currently available in Akshaya plan

• 6/8/10/12

• 5/6/8/10/12

• Only 10&12

• 6/7/8/9/10/11/12

What type of bonus we will get in Akshaya plan

• Reversionary bonus

• Cash bonus

• Guaranteed income

• Fund value

What is the maturity benefit under this plan

• Sum Assured + bonus

• Sum assured + accumulated cash bonus( if any) + terminal bonus

• 100% premiums paid back as maturity

• 200% of total premiums paid

What is the benefit of having accumulated cash bonus

• Customer can save his money

• Customer will get double amount

• Cash bonus will be accumulated monthly at the interest rate declared by RBI

• Fixed deposit interest

Can a customer withdraw accumulated cash bonus at any point of time

• No

• Yes

What is the loan amount in Akshaya plan

• 70% of surrender value

• 100% premiums paid wil be given as loan

• 50% of the total premiums paid

• 80% of the surrender value

What is Reduced paid up

• Customer will stop paying premiums after certain period of time

• Customer will not pay only last year premium

• Policy is lapsed

• Policy is matured