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Star Eagles' Growth Saver Trivia

Test your knowledge of the Growth Saver policy with our engaging trivia quiz! This quiz is designed to help you understand the key benefits, features, and mechanics of the Growth Saver policy, which combines protection and savings for your future.

Whether you are a client, insurance advisor, or simply interested in learning more, this quiz covers essential aspects such as:

Policy benefits
Premium options
Riders and additional coverage
Client eligibility

30 Questions8 MinutesCreated by InvestingEagle451

At what age can a person buy the Growth Saver?

30 years – 60 years

30 months – 60 years

30 days – 60 years

Your client believes that his EPF is enough for his retirement and so he does not need the Growth Saver policy. What benefit will he get if he has both EPF and Growth Saver?

He will need more financial assistance to cover up his medical expenses

Even during inflation, he has enough to sustain his lifestyle after retirement

He can still travel to different places without paying anything

He can transfer his Growth Saver policy to his children for their future

What is the policy alteration is allowed in Growth Saver?

Monthly direct payment during the first 24 months

Reduced Premium Term during the first 24 months

Flexible entry age for the first 24 years

Reduced Sum Assured during first 24 months

The Growth Saver policy prepares the “Old You” to provide for your food, shelter, clothing, medication and other needs.

True

False

There are several riders under the Growth Saver policy. What rider is described in the below statement?

New Hospital Benefit (NHB)

Child Accidental Rider (CAR)

Premium Waiver Rider (PWR)

Payer Benefit Rider

The Premium Paying Term is determined by the Policy Term chosen by your client. If the Policy Term is 20 years, what are the Premium Paying Terms he can get?

10/20/30 years

10/20 years

6/10/20 years

6/10 years

At the age of 30 years old, Mr. Hashim purchases the Growth Saver policy and completed paying the premium term. Due to an accidental death he passes away and his next-of-kin was able to get a lump sum payment of outstanding Guaranteed Cash Payment. How will this help Mr. Hashim’s family?

The next-of-kin is rewarded with the same policy with a shorter premium term.

The yearly cash flow can be used to purchase insurance or investment plans or needed purchases.

There will be no readily available cash to pay for medical bills and living expenses of the family.

The family has more funds to maintain their standard of living.

Mr. Tan’s annual premium in his Growth Saver policy is RM 3,800. If his policy’s monthly premium mode factor monthly is 0.090, how much is his monthly premium?

RM 324.00 per month

RM 342.00 per month

RM 380.00 per month

RM 3,420.00 per month

Your client will enjoy a maturity value at the age of 80 years under the Growth Saver policy. How many percent of the Basic Sum Assured is Guaranteed to the client at maturity?

100% Basic Sum Assured

120% Basic Sum Assured

150% Basic Sum Assured

200% Basic Sum Assured

If you are a policyholder of Growth Saver, what are the possible dividends payout options you have?

Option 1 – Payout; Option 2 – Distribution

Option 1 – Accumulation; Option 2 – Surrender

Option 1 – Payout; Option 2 - Accumulation

Option 1 – Payout; Option 2 – Surrender

The Total and Permanent Disability (TPD) Benefit is given in two instalments. When is the first instalment given to the policyholder?

6 months from date of diagnosis

8 months from date of diagnosis

12 months from date of diagnosis

18 months from date of diagnosis

The formula for Monthly Insurance Charge is: Monthly Insurance Charge = Basic Sum Assured per RM1,000 x Monthly Insurance Charge per 1000 Sum Assured

True

False

Who can make a written request for the termination of the policy?

Any person related to the Policyholder

Lawyer

Policyholder

Agent

How much is the Maturity Benefit of PrimeLink?

50% of the Account Value

100% of the Account Value

150% of the Account Value

200% of the Account Value

If the Life Assured is diagnosed for an Angioplasty, the liability of the company is limited to

The total sum covered under the policy

10% of in-force sum assured or subject to a maximum of RM25,000

The total sum covered under the critical illness

The total sum covered multiply by 10% and subject to maximum of RM25,000 payable at age 100

Which of the following is not covered in Specific Accidental Causes?

In an electric lift

While travelling using grab

In a burning hotel rated as four star and above

In a theatre or cinema

What is used to measure your clients' assets or wealth versus their insurance needs?

Statement of Assets

Medical underwriting

Financial underwriting

Statement of Liabilities

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