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Banca - Knowledge Assessment 6 - GCAP

The Maturity benefit in GCAP plan is calculated as_______________.
Sum Assured on Death + Cumulative GAA
Sum Assured on Death + Sum Assured on Maturity + Cumulative GAA
Sum Assured on Maturity + Cumulative GAA + Large Premium Benefit (if any)
Sum Assured on Death + Sum Assured on Maturity + Large Premium Benefit (if any)
In GCAP plan the policyholder has an option to take the Maturity benefit in lump sum discounting the remaining future installments at the rate of__________.
5% per annum
6% per annum
4% per annum
8% per annum
The maximum policy term in GCAP plan is_______________.
15 years
20 years
25 years
30 years
The maximum entry age in GCAP plan is_______________.
60 years
75 years
70 years
55 years
Which of the below benefit is available in the GCAP plan?
Option to invest premium in the equity market
Option to choose Single Premium
Large Premium Benefit
Option to participate in the profits of the company
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