For the premiums paid in this policy, one can avail tax benefits under section _______.
80D
80C
10(10D)
There is no tax benefit on the premiums paid.
Sum Assured – Rs 1 Crore, Policy Term 20 years, Premium Rs 16000, Claim Option Single. If Critical Illness is diagnosed in the 16th Policy Year, identify the benefit payable to the insured.
Rs 1 Crore will be paid to the insured and policy is discontinued.
1% of the sum assured will be paid out to the insured for the next 130 months.
Rs 1 Crore will be paid out to the insured and the policy continues.
Nothing will be paid as the benefit is paid out only on death.
The survival period from the date of confirmed diagnosis _________.
90 days.
28 days.
365 days.
There is no survival period in the plan.
In the Multi Claim option waiting period between the two critical illness incidences is ___.
90 days.
28 days.
365 days.
There is no waiting period in the plan.
Of the policy terms mentioned below, identify the one that is not applicable in the plan.
15 years
20 years
40 years
5 years
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