Banca - Knowledge Assessment 3 - GCAP
Banca - Knowledge Assessment 3: GCAP Quiz
Test your knowledge on GCAP (Guaranteed Capital Assurance Plan) with our engaging quiz! This assessment covers essential topics such as benefits, policy details, and rider options available in the GCAP plan.
- 5 Multiple Choice Questions
- Learn key concepts about GCAP
- Challenge yourself and improve your understanding!
In GCAP Plan GAA stands for ________
Guaranteed Additional Advantage
Guaranteed Accrual Additions
Guaranteed Assured Additions
Guaranteed Assured Advantage
In GCAP Plan, what will be the amount payable in case of suicide by life assured within one year from date of revival?
A) 80% of all premiums paid (excluding extra mortality premium)
B) Surrender Value available as on the date of death
C) Both A & B
D) Higher of A or B
How many riders are available under GCAP Plan?
4
5
6
7
Under GCAP Plan, from which policy year does Guaranteed Accrual Additions benefit start?
5
9
10
12
What is the minimum premium under monthly and annual mode under GCAP Plan?
Monthly – Rs.2000 & Annual – Rs.15000
Monthly – Rs.1000 & Annual – Rs.15000
Monthly – Rs.1500 & Annual – Rs.15000
No Monthly Mode & Annual – Rs.15000
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