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Banca - Knowledge Assessment 7 - GCAP

In GCAP plan if the policyholder has chosen the installment option at maturity the GAA is payable___________________.
In lump sum along with the first installment
In lump sum along with the last installment
In installments spread across 5 years
In two installments
The GAA offered in the GCAP plan is__________.
Guaranteed
Depends on the performance of the PAR fund
Depends on the market performance
Depends on the company’s performance
In GCAP plan the GAA will accrue in the policy from______________.
The 5 policy year
The inception of the policy
The 9th policy year
The end of policy team
The GAA in GCAP plan is calculated as a specific percentage of____________.
Cumulative annualised premium paid
Sum Assured at Maturity
Sum Assured at Death
Guaranteed Loyalty Additions
The Death benefit in GCAP plan is calculated as________________.
Sum Assured on Death + Cumulative GAA, if any
Sum Assured on Death + Sum Assured on Maturity + Cumulative GAA
Sum Assured on Maturity + Cumulative GAA
Sum Assured on Death + Sum Assured on Maturity
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