TotalSecure+ Assessment
TotalSecure+ Assessment Quiz
Test your knowledge on the TotalSecure+ Plan with this comprehensive quiz designed for insurance professionals and enthusiasts. Answer questions about coverage options, premium payments, and critical illness benefits to see how well you understand this insurance product.
Key Features:
- Multiple choice questions
- Helpful feedback on your answers
- Ideal for insurance agents and customers alike
TotalSecure+ Plan is available for sale_____
Online
Offline
Online and Offline both
Only for Agency Channel
Life Cover with Basic Health Cover covers ____illnesses.
17
12
7
35
Life Cover with Comprehensive Health Cover covers ____illnesses.
17
12
7
35
Soham, 40 wants TotalSecure+ Plan with Benefit Option 2. Policy Term is 20 years and Premium Paying term is 10 years. The Sum Assured chosen is 1,00,00,000 which includes CI cover of 20,00,000. This application cannot be processed for the reason:
The entry age is 45 to 80 years
The premium paying term has to be regular
The minimum sum assured is 25,00,00,000
The minimum CI cover is 25,00,000
Soham, 40 wants to insure his son Jitu 13. He wants the TotalSecure+ Plan with Benefit Option 1. Policy Term is 20 years and Premium Paying term is 10 years. The Sum Assured chosen is 1,00,00,000 which includes CI cover of 20,00,000. This application cannot be processed for the reason:
The entry age is 18 to 65 years
The premium paying term has to be regular
The minimum sum assured is 25,00,00,000
The minimum CI cover is 25,00,000
The premium payment frequency in TotalSecure+ plan is____
Single, Annual, Half Yearly and Quarterly
Monthly, Quarterly and Annual
Single and Annual
Only Single
Mahi, 35 has a TotalSecure+ Plan with Sum Assured of 50,00,000. Benefit Option chosen is Life Cover with Basic Health Cover. The CI cover is 10,00,000. She is diagnosed with a Critical Illness. What will happen to the contract now?
She will be paid 10,00,000 and the contract will be terminated.
She will be paid 50,00,000 and the contract will be terminated.
She will be paid 10,00,000 and the contract will now continue with a sum assured of 50,00,000.
She will be paid 10,00,000 and the contract will now continue with a sum assured of 40,00,000.
Junior, 55 has a TotalSecure+ Plan with Sum Assured of 50,00,000. Benefit Option chosen is Life Cover with Comprehensive Health Cover. The CI cover is 50,00,000. He is diagnosed with a Critical Illness. What will happen to the contract now?
He will be paid 50,00,000 and the contract will be terminated.
He will be paid 25,00,000 and the contract will be terminated.
He will be paid 50,00,000 and the contract will now continue with a sum assured of 50,00,000.
He will be paid 25,00,000 and the contract will now continue with a sum assured of 25,00,000.
Samy, 45 has a TotalSecure+ Plan with Sum Assured of 1,50,00,000. Benefit Option chosen is Life Cover with Comprehensive Health Cover. The CI cover is 50,00,000. He dies due to accident in the 5th Policy year. What will happen to the contract now?
He will be paid 50,00,000 and the contract will be terminated.
He will be paid 1,50,00,000 and the contract will now continue with a sum assured of 50,00,000.
Nothing will be paid as the death has not occurred due to Critical Illness.
He will be paid 1,50,00,000 and the contract will be terminated
Critical Illness sum Assured chosen always has to less than or equal to the base sum assured.
True
False
Wilson, 40 has a TotalSecure+ Plan issued on 28/09/2016, with Sum Assured of 1,00,00,000. Benefit Option chosen is Life Cover. He has chosen Single Pay option. He calls you on 01/01/2017 requesting for change in benefit option to Life Cover with Comprehensive Health Cover. What will you suggest?
You will ask him to submit a written request at the branch office.
You will accept the request and change the benefit option accordingly.
You inform him that the benefit option once chosen cannot be changed.
You will inform him that the benefit option can only be changed on the policy anniversary date.
Manish, 42 has a TotalSecure+ Plan issued on 28/10/2016, with Sum Assured of 1,00,00,000. Benefit Option chosen is Life Cover. The payout option chosen is Lumpsum. He calls you on 28/10/2017 requesting for change in payout option to Regular Income. What will you suggest?
You will ask him to submit a written request at the branch office.
You will accept the request and change the payout option accordingly.
You inform him that the payout option once chosen cannot be changed.
You will inform him that the payout option can only be changed on the policy anniversary date.
What are the Payout Period options available to the customer if he chooses a Regular Income Payout option?
36, 48, 60, 120, 180
48, 60, 120, 180
36, 60, 130, 180
36, 60, 120, 180
Under the Increasing Regular Income option, the monthly benefit will increase ______.
Monthly @ 5% compounding
Annually @ 5% per annum compounding
Annually @ 5% per annum simple interest
Monthly @ 5@ simple interest
The minimum and maximum lump sum proportion that can be chosen in “Lumpsum Plus Regular Income Option” is ____ and ____ respectively.
50%, 50%
1%, 100%
0%, 100%
1%, 99%
Which of the below rider is not available in TotalSecure+ Plan.
Critical Illness Rider
Hospital Cash Benefit Rider
Accidental Death Benefit Rider
Accidental Total and Permanent Disability Rider
Samir, 42 wants TotalSecure+ Plan with Benefit Option 2. What are the Premium Paying Term options available to him?
Single Pay, Limited Pay (5, 10, 15, 20, 25 pay) and Regular Pay
Limited Pay (5, 10, 15, 20, 25 pay) and Regular Pay
Only Regular Pay
Single Pay and Limited Pay (5, 10, 15, 20, 25 pay)
Sunny, 30 has a TotalSecure+ Plan with Sum Assured of 1,50,00,000. Benefit Option chosen is Life Cover with Comprehensive Health Cover. The CI cover is 50,00,000. He diagnosed with a Critical Illness in the 5th Policy year. He dies in the 10th Policy year. He has chosen Death Benefit Payout Option as Lumpsum. What is the death benefit amount that his nominee will receive?
1,50,00,000
1,00,00,000
2,00,00,000
50,00,000
Mihir, 30 has a TotalSecure+ Plan with Sum Assured of 1,50,00,000. Benefit Option chosen is Life Cover with Comprehensive Health Cover. The CI cover is 50,00,000. He diagnosed with a Critical Illness in the 5th Policy year and dies within 20 days of diagnosis. What is the payout that his nominee will receive?
1,50,00,000 as death benefit and 50,00,000 additional as Critical Illness benefit
2,00,00,000 as death benefit and 50,00,000 additional as Critical Illness benefit
2,00,00,000 only as death benefit
50,00,000 as Critical Illness Benefit and 1,00,00,000 as Death Benefit
Amie, 30 has a TotalSecure+ Plan with Sum Assured of 50,00,000. Benefit Option chosen is Life Cover with Comprehensive Health Cover. The CI cover is 50,00,000. She dies in the 10th Policy year. She has chosen Death Benefit Payout as Regular and option as Increasing for a Period of 180 Months . The rate at which the first payout will be paid is?
5.568%
0.568%
0.806%
5%
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