SAGA Testing

IN HDFC Life's SAGA - Future secure option, What is the Max. & Min. Tax-free components from the maturity value respectively? Select the correct option.

• 40% & 60%
• 60% & 20%
• 60% & 40%
• All are incorrect

Answer explanation

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IN HDFC Life's SAGA - Future secure option, FLS is having a doubt in the GST rates, he come to you and asks if their is any GST applicable or not?

• Not applicable
• Applicable

Mr. Raj is willing to purchase HDFC Life's SAGA - Future secure option. He will take Single Premium payment option and is an existing customer of HDFC Life. He contacts an FLS from the R&P channel to understand on the discount if any is available? As an FLS what will be your answer-

• No discount available
• 2% on Premium (Excl. GST)
• 2% on Premium (Incl. GST)
• 2% addition to annuity rate

Ms. Neetu is willing to purchase HDFC Life's SAGA - Future secure option. She will take Single Premium payment option and is an existing customer of HDFC Life. He contacts an FLS from the R&P channel to understand on the discount if any is available? As an FLS what will be your answer-

• NIL
• 2% for all premiums if purchased online
• 2% for first year Premium, purchased online
• All are incorrect

Mr. Anil, age 60, purchased HDFC Life's SAGA - with Future secure option. He has opted for Single Premium of Rs. 25 lacs with 5Y Policy Term. His Premium will be growing @ 5.7% compounding P.A. What will be his maturity value ?

• 32.9Lacs
• 33.9 Lacs
• 30.9 Lacs
• 31.9Lacs

Mr. Joydip, age 60, purchased HDFC Life's SAGA - with Future secure option. He has opted for Single Premium of Rs. 50 lacs with 5Y Policy Term. His Premium will be growing @ 5.7% compounding P.A. And his maturity is coming Rs. 65.79Lacs. At inception he opted for 60% commutation. How much amount will be annuitized?

• 25.31 Lacs
• 23.61 Lacs
• 23.51 Lacs
• 26.31 Lacs

Mr. Pranjal, age 60, purchased HDFC Life's SAGA - with Future secure option. He has opted for Single Premium of Rs. 10 lacs with 5Y Policy Term. He opted for 5% GRR and he died in the 3rd policy year? What will be the death benefit paid to his nominee?

• 1167625
• 1157625.0000000002
• 1175625
• 1176525

Mr.Aman age 50, purchased HDFC Life's SAGA - with Future secure option. He has opted for Single Premium of Rs. 10 lacs with 5Y Policy Term. He opted for 5 Years deferment to secure high annuity rate & 40% annuity. His maturity value is Rs. 13,15,639/-. and his annuity payout is Rs. 50,310 P.A. What is the annuity rate the customer is getting?

• 0.0965
• 0.0956
• 0.0955
• 0.1

Mr. Jaydip, age 60, purchased HDFC Life's SAGA - with Future secure option. He has opted for Single Premium of Rs. 50 lacs with 5Y Policy Term. His Premium will be growing @ 5.7% compounding P.A. And his maturity is coming Rs. 65.79Lacs. At inception he opted for 40% annuitization. How much amount will be commuted?

• Rs. 39.47 taxable
• Rs. 39.47 tax-free
• Rs. 40 Lacs
• Rs. 34.97 Lacs

Mr. Joseph, age 60, purchased HDFC Life's SAGA - with Future secure option. He has opted for Single Premium of Rs. 25 lacs with 5Y Policy Term. His Premium will be growing @ 5.7% compounding P.A. At inception his annuity amount is Rs. 13,16,000 as he had opted for 40% annuitization. What is the maturity value?

• 31.9Lacs
• 33.9 Lacs
• 30.9 Lacs
• 32.9Lacs