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Xpand_Rewind Day-55

State whether the statement is true or false. Policyholder gets the benefit of bonus under Triple Advantage Plan.

True

False

Which of the following is correct with regards to Guaranteed Lump sum Benefit (GLB) under Triple Advantage Plan?

GLB payout is paid from 1st policy year till the end of PPT

GLB payout is paid every year post one year of PPT till the end of policy term

GLB payout is paid at the end of PPT

GLB payout is paid twice during the policy term, once at the end of the PPT and second time at the end of policy year when Life Insured attains age 75.

Mr. Rakesh has purchased Triple Advantage Plan from Edelweiss Tokio Life on the name of his 3 years old son Rajeev, From when will Rajeev’s risk cover start?

Risk cover will start from 24th policy month

Risk cover will start from the first day of policy

Risk cover will start one month prior to fourth policy anniversary

Risk cover will start from 15th policy month

What is the Sum Assured on Maturity (SAM) under Triple Advantage Plan?

SAM is 11 times of the annualized premium

SAM is 105% of the total premiums paid

SAM is the Sum Assured chosen by the policy holder

SAM is 10 times of the annualized premium

What amount is paid as the Guaranteed Lump sum Benefit (GLB) under Triple Advantage Plan?

GLB is a fixed amount equal to Sum Assured on Maturity (SAM)

GLB is a fixed amount equal to Sum Assured on Death

GLB is a specific percentage of the total premiums paid

None of the above

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