Mr. Arun aged 30 years wants to purchase Edelweiss Tokio Life’s CFPP premium paying term of 15 years with an annualized premium of Rs. 50,000. Mr. Arun wants to know the total Sum Assured at Maturity if he survives till maturity?
Rs. 11,19,360
Rs. 7,00,000
Rs. 7,89,500
None of the above
Mr. Rahul aged 30 years purchased CFPP from Edelweiss Tokio Life with 15 years PPT and annualized premium 46,315 .Mr. Rahul died in an accident when he is 70 years old. What amount would be payable to his nominee?
Rs. 7,80,000
Rs. 7,20,000
Rs. 7,29,461
Rs. 12,87,876
Life assured aged 3 years died in an accident in the 18th policy month .How much amount would be payable to the proposer in such scenario under CFPP?
Sum Assured on Death
Sum Assured on death + Accrued Revisionary Bonus
105% of total premiums paid till the date of death
None of the above
From which policy year revisionary bonus will accrue to the policy if the policyholder purchases CFPP.
1st policy year
9th policy year
11th policy year
16th policy year
Which of the following is correct with regards to CFPP? i) Provides regular income till age 100 post the PPT ii) Pays cash bonus one year post the PPT till maturity or death, whichever is earlier
Only I
Only ii
Both I & ii
None of the above
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