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Questions and Answers
What is the minimum sum assured for PLI policies according to the text?
What is the minimum sum assured for PLI policies according to the text?
- Rs. 30,000
- Rs. 40,000
- Rs. 20,000 (correct)
- Rs. 10,000
Who is eligible to procure PLI/RPLI business according to the text?
Who is eligible to procure PLI/RPLI business according to the text?
- Bank employees
- Gramin Dak Sevak (GDS) (correct)
- Healthcare professionals
- PLI Development Office
What happens if the sales force does not procure the minimum number of PLI Policies in a Financial Year?
What happens if the sales force does not procure the minimum number of PLI Policies in a Financial Year?
- They receive a bonus
- They face termination of their license (correct)
- They get promoted
- Their licenses are renewed automatically
What is the maximum sum assured for PLI policies for individuals aged 40 or below at entry, with a sum assured greater than 20 Lakhs?
What is the maximum sum assured for PLI policies for individuals aged 40 or below at entry, with a sum assured greater than 20 Lakhs?
Who is not eligible to procure direct business for PLI policies according to the text?
Who is not eligible to procure direct business for PLI policies according to the text?
Is there an upper age limit for Retired Central/State Govt. employees/Gramin Dak Sevak (GDS) to apply for PLI policies?
Is there an upper age limit for Retired Central/State Govt. employees/Gramin Dak Sevak (GDS) to apply for PLI policies?
Who is eligible to take a policy under Postal Life Insurance?
Who is eligible to take a policy under Postal Life Insurance?
What is the minimum age at entry for the Anticipated Endowment policy?
What is the minimum age at entry for the Anticipated Endowment policy?
Which employees are eligible for policy under Postal Life Insurance?
Which employees are eligible for policy under Postal Life Insurance?
Which policy allows for loan and surrender facilities?
Which policy allows for loan and surrender facilities?
Which professionals are NOT eligible for policy under Postal Life Insurance?
Which professionals are NOT eligible for policy under Postal Life Insurance?
What is the bonus rate per thousand for the Anticipated Endowment policy?
What is the bonus rate per thousand for the Anticipated Endowment policy?
Who among the following is eligible for Postal Life Insurance?
Who among the following is eligible for Postal Life Insurance?
Under what conditions will the nominee receive the full sum assured with accrued bonus in the event of death?
Under what conditions will the nominee receive the full sum assured with accrued bonus in the event of death?
Which group of professionals are eligible for taking a policy under Postal Life Insurance?
Which group of professionals are eligible for taking a policy under Postal Life Insurance?
For which policy is medical examination compulsory if the age is 40 years or less?
For which policy is medical examination compulsory if the age is 40 years or less?
Who is eligible for Postal Life Insurance among the following?
Who is eligible for Postal Life Insurance among the following?
What happens to eligibility for bonus if a policy is surrendered or assigned for loan before 5 years?
What happens to eligibility for bonus if a policy is surrendered or assigned for loan before 5 years?
What does 'Free Look Period' refer to in insurance policies?
What does 'Free Look Period' refer to in insurance policies?
What is the Grace Period in insurance policies?
What is the Grace Period in insurance policies?
When does Early Death Claim apply in insurance policies?
When does Early Death Claim apply in insurance policies?
What is required if there is no nomination in a death claim up to Rs 3,00,000?
What is required if there is no nomination in a death claim up to Rs 3,00,000?
What action can the insurant take during the Grace Period?
What action can the insurant take during the Grace Period?
What happens if the last day of the Grace Period is a holiday or Sunday?
What happens if the last day of the Grace Period is a holiday or Sunday?
What is the condition for reinstating a policy less than 3 years old?
What is the condition for reinstating a policy less than 3 years old?
When can premium be accepted for a policy more than 3 years old for reinstatement?
When can premium be accepted for a policy more than 3 years old for reinstatement?
What does revival of an insurance policy mean?
What does revival of an insurance policy mean?
What is commutation in the context of insurance?
What is commutation in the context of insurance?
What is the condition for receiving revival amount in convenient installments?
What is the condition for receiving revival amount in convenient installments?
What determines the paid-up value of an insurance policy?
What determines the paid-up value of an insurance policy?
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