Serial Quizzer Day 7
Cash Flow Protection Plan Quiz
Welcome to the Cash Flow Protection Plan Quiz! Test your knowledge of CFPP features, benefits, and conditions.
This quiz consists of 5 multiple-choice questions designed to help you understand the different aspects of cash flow protection plans.
- Multiple-choice format
- Engaging questions
- Immediate feedback on answers
Jinse, with age 45, has applied for a Cash Flow Protection Plan from ET Life. What is the minimum and maximum term he can take?
65
10
10 and 25
25
None of the above
Athira who is 30 now has taken a CFPP from ET Life with her daughter as life assured. Her daughter is 2 years old now. What should be the minimum premium payment term applicable?
10
15
20
25
CFPP cannot be taken with child as life insured
Mary, aged 35 wants to take a CFPP from ET Life with PPT 15. She wants to know what will be her benefit at the end of PPT (when she turns 50)?
Sum Assured is paid along with Bonus declared during PPT
All Simple reversionary bonus declared during PPT is paid as lump sum
Only Sum Assured as per policy contract is paid
105% of total premiums paid or Sum Assured; whichever is higher is paid
No benefit payable at the end of PPT
Kishor has told one of his customers that he can add Term Rider and Hospital Cash Benefit rider with CFPP of ET Life, if customer can provide necessary income documents. Is this true?
True
False, No rider is available with CFPP
False, Term Rider is not available in CFPP
False, Hospital Cash Benefit rider is not available in CFPP
False, Income documents are not required for riders
Tinto has told a customer of age 30 that if he is opting for Accidental Death Benefit rider in a CFPP plan with 15 year PPT, rider cover will continue till age 70. Is this true?
False, Rider benefits last till the end of PPT
False, Rider benefit stops at the age of 50
False, ADBR is not available in CFPP
False, Rider benefit will continue for entire policy term
True
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