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Xpand_Rewind Day-51

In the below given options, which is not a feature of Immediate Annuity Plan?
Life time Income in the form of Annuity
Non Linked, Non- participating plan with five Annuity options
Annuity pay-out starts immediately after taking the policy as per the chosen option
Provides an Insurance coverage of 10 multiple of premium paid
Mr. Vijay Saxsena age 70 took ETLI immediate annuity plan with return of purchase option. After few months he wants to surrender the policy. Can he? Choose correct option from below
Yes , He can
No, He can’t
Yes, but after 5 years only
None of the above
Mr. Vikas aged 40 wants to take ETLI immediate annuity Plan. But he can’t be given the policy because the entry age of the plan is:
50
45
55
42
Additional annuity benefit given under the Immediate Annuity plan for the purchase price 2,50,000 is?
0.01%
0.05%
0.07%
NIL
In an yearly annuity pay out option, which is the multiplier factor applied in the Immediate Annuity Plan?
8.33%
25.00%
51%
105%
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