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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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