Banca - Knowledge Assessment - GCAP
GCAP Knowledge Assessment Quiz
Test your understanding of the GCAP (Guaranteed Cash Advantage Plan) with our engaging quiz designed for aspiring professionals in the insurance industry. Enhance your knowledge about policy terms, death benefits, and maturity calculations!
- 5 Multiple Choice Questions
- Score: 100 Points
- Instant Feedback on Answers
GCAP is a ____________________
Participating Non-linked endowment assurance product.
Non-participating Unit-linked endowment assurance product.
Non-participating Non-linked endowment assurance product.
Non-participating non-linked Whole Life product.
The Policy Terms available in GCAP are
5, 10, 15, 20, 25 and 30
10, 15, 20 and 25
5, 7, 10 and 12
10,15,20,25 and 30
In GCAP, the Sum Assured on Death for a 12 pay policy is calculated as
11 times of Annualised Premium
10 times of Annualised Premium
13 times of Annualised Premium
12 times of Annualised Premium
In GCAP, the Sum Assured on Maturity is calculated as
Annualised Premium X Premium Paying Term
Annualised Premium X Policy Term
Premium Paying Term X Policy Term
Sum Assured on Death X Sum Assured on Maturity
Policy Loan facility is available in GCAP Plan.
True
False
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