Banca - Knowledge Assessment 3 - GCAP

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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