In a money back plan, what is the death claim payable?

In a money back plan, what is the maturity claim payable?

A

Sum insured

B

Sum insured less survival benefits paid already

C

Bonuses

D

Nothing is payable

In a Unit Linked plan what is the death claim payable?

A

Sum insured

B

Sum insured less survival benefits paid already

C

Sum insured or fund value which is higher

D

Fund value

Which of the below death claim will be treated as an early death claim?

A

If the insured dies within three years of policy duration

B

If the insured dies within five years of policy duration

C

If the insured dies within seven years of policy duration

D

If the insured dies within ten years of policy duration

Praveen died in a car accident. The beneficiary submits documents for a death claim. Which of the below document is an additional document required to be submitted in case of accidental death as compared to natural death?

A

Certificate of burial or cremation

B

Treating physician’s certificate

C

Employer’s certificate

D

Inquest Report

Given below is a list of document to be submitted for a normal death claim by all beneficiaries in the event of death of life insured. Pick the odd one out which is additionally required to be submitted only in case of death by accident.

A

Inquest report

B

Claim form

C

Certificate of burial cremation

D

Hospital’s certificate

In a Return of Premium plan (ROP), what is the quantum of maturity claim payable?

A

Sum insured

B

Sum insured + bonus

C

Return of premiums

D

Nothing

In a Unit Linked plan what is the maturity claim payable?

A

Sum insured

B

Sum insured less survival benefits paid already

C

Nothing is payable

D

Fund value

When a death claim is payable?

A

If a policyholder dies after maturity of a policy

B

If a policyholder dies during the term of policy

C

If a policyholder dies after surrendering a policy

D

If insured dies after Foreclosure of a policy

Answer the question on the basis of the given information. Businesses are suffering because of lack of money available for development loans.To help businesses,the government plans to modify the income- tax structure in order to induce individual tax payers to put a larger portion of their incomes into retirement savings accounts, because as more money is deposited in such accounts, more money becomes available to borrowers. Which of the following, if true, raises the most serious doubt regarding the effectiveness of the government's plan to increase the amount of money available for development loans for businesses?

A

When levels of personal retirement saving increase, consumer borrowing always increases correspondingly.

B

The increased tax revenue the government would receive as a result of business expansion would not offset the loss in revenue from personal income taxes during the first year of the plan.

C

Even With tax incentives,some people will choose not to increase their levels of retirement savings .

D

Bankers generally will not continue to lend money to Businesses whose prospective earnings are insufficient to meet their loan repayment schedules.

Maturity claim is payable when

A

The insured survives the first 5 years

B

The insured dies during policy term

C

The insured is diagnosed with a critical illness

D

The insured survives policy term

In a money back plan, what is the death claim payable?

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