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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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