New Kotak Products Ksap & Hs

20 Questions | By Pchathley | Last updated: Mar 20, 2022 | Total Attempts: 148

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This is a quiz for Team PSG - all SMs on changes in our products.

Questions and Answers

1.

Kotak Smart Advantage Plan is now........................................
2.

The DAB in new KSAP is ..................................
3.

Death Benefit in new KSAP is?
- A.
  
  F.V. + FAB
- B.
  
  S.A. + FAB
- C.
  
  S.A. or F.V. whichever is higher + FAB
- D.
  
  S.A. or F.V. whichever is higher +FAB + DAB
4.

What is the FMC in new KSAP?
- A.
  
  1.75%
- B.
  
  2.00%
- C.
  
  1.35%
- D.
  
  2.50%
- E.
  
  2.25%
5.

What terms are available with new KSAP?
- A.
  
  3,5,10,15,20,25,30
- B.
  
  5,10,15,20,25,30
- C.
  
  10,15,20,25,30
- D.
  
  10,15,20,30
6.

What is the Minimum & Maximum S.A. available with new KSAP?
- A.
  
  Min. 5* A.P. & Max. Unlimited
- B.
  
  Min. unlimited & Max. 5 times
- C.
  
  Min. 5*A.P. & Max. term*A.P.
- D.
  
  Min. 10*A.P. & Max. term*A.P.
7.

What are the LPPTs available with KSAP?
- A.
  
  3,5,10
- B.
  
  3,5
- C.
  
  Only 5
- D.
  
  No LPPT available
8.

What are the Allocation Charges in new KSAP?
- A.
  
  2% for < Rs. 36000/- premium
- B.
  
  Nil Allocation Charge
- C.
  
  5% for > Rs. 50000/- premium
- D.
  
  2% for > 36000/- premium
9.

What are the surrender Charges for new KSAP?
- A.
  
  8-n formula
- B.
  
  4%, 3%, 2%, 1%, Nil for 4th, 5th, 6th, 7th & 8th year onwards
- C.
  
  4%, 2%, Nil for 4th, 5th & 6th year onwards
- D.
  
  Nil Surrender Charge
10.

What is the new name for our Unit Linked Children Plan?
- A.
  
  Headstart Plan
- B.
  
  Super Headstart Plan
- C.
  
  New Headstart Plan
- D.
  
  Gurenteed Headstart Plan
11.

What Loyelty Benefits are available with Headstart plan?
- A.
  
  1%, 1.5% & 2% at the end of 10th, 15th & 20th Year
- B.
  
  3% each at the end of 10th, 15th & 20th Year
- C.
  
  3% at the time of Maturity
- D.
  
  3% at the time of death
12.

What is the Minimum & Maximum S.A. available with Headstart?
- A.
  
  Min. 10 times and Max. unlimited
- B.
  
  Min. 5 times and Max. Unlimited
- C.
  
  Min. 5 times and Max. term* AP
- D.
  
  Triple Death Benefit i.e. S.A.+F.V.+F.P.
13.

The LPPT available with Headstart is .......................
14.

What is the Minimum Premium available with Headstart?
- A.
  
  Regular 18000; 3 year LPP 25000; 5 year LPP 50000
- B.
  
  Regular or LPP 50000
- C.
  
  Regular 15000; 5 year LPP 50000;3 year LPP 100000
- D.
  
  Regular 25000; 3 & 5 LPP 100000
15.

Kindly tick on the correct Policy Admin Charge for New Headstart Plan.
- A.
  
  0.25% for premium < 50000; 0.10% for premium >=50000
- B.
  
  0.25% for premium < 50000; 0.25% for first 50000 & 0.10% for equal & above 50000
- C.
  
  Rs. 65/- p.m.
- D.
  
  0.25% for premium < 25000; 0.25% for first 25000 & 0.10% for equal & above 25000
16.

What term is available with the Headstart?
- A.
  
  10 to 25
- B.
  
  10 to 30
- C.
  
  10,15,20,25
- D.
  
  10,15.20,25,30
17.

Name the two variations available with Headstart.
- A.
  
  Joint Life & Single Life
- B.
  
  Future Protect & Single Life
- C.
  
  Assure Wealth & Single Life
- D.
  
  Future Protect & Assure Wealth
18.

What are the surrender Charges after three policy years in Headstart Plan?
- A.
  
  4th - 3%,5th - 2%,6th - 1% Nil
- B.
  
  4th - 10%, 5th - 5%, 6th - Nil
- C.
  
  4th - 4%, 5th - 2%, 6th - Nil
- D.
  
  4th - 100%, 5th - 50%, 6th - Nil
19.

What is the commission Payout in Headstart in case of LPP?
- A.
  
  1st 16%, 2nd & 3rd 7%, 4th to 10th 1%, Nil thereafter
- B.
  
  1st 20%, 2nd & 3rd 10%, 4th to 10th 5%, Nil thereafter
- C.
  
  1st Nil, 2nd & 3rd 50%, 4th to 10th 70%, 100% thereafter
- D.
  
  1st 10%, 2nd & 3rd 3%, 4th to 10th 1%
20.

What is the commission payout in KSAP?
- A.
  
  24%,32%,35%
- B.
  
  25%, 30%
- C.
  
  25%, 30%, 40%
- D.
  
  15%,25%,30%