Banca - Knowledge Assessment - GCAP | Take the Quiz

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