15 Questions
What is the minimum age required for entitlement?
45 years
What is the minimum service period required for males?
20 years
What is the maximum age for male employees to be eligible for entitlement?
60
What is the minimum service period required for females?
15 years
What is the minimum age difference between the eligibility ages of male and female employees?
3 years
What is the factor that determines the entitlement of the insured?
Age and service period
What is the primary eligibility criterion for employees, apart from age?
Not specified
Which of the following is not a factor in determining entitlement?
Payment deadlines
Is there any mention of contribution rates in the entitlement requirements?
No, it is not mentioned
Can an employee above 60 (for males) or 55 (for females) still be eligible for entitlement?
No, it is not possible
What is the minimum consecutive months of contributions service required for entitlement?
Six months
What is the alternative to six consecutive months of contributions service?
Twelve non-consecutive months with three consecutive months
What is the significance of the three consecutive months in the alternative requirement?
It must be immediately before the death of the individual
What is the purpose of the entitlement requirements?
To determine eligibility for benefits
Can an individual transfer their contributions to meet the entitlement requirements?
No, contributions are non-transferable
Study Notes
Entitlement Requirements
- The age of the insured employee should be under 60 for males and under 55 for females.
Age and Service Period
- The insured should be at least 45 years old.
- The service period should be at least 20 years for males and 15 years for females.
Death Entitlement
- The deceased should have completed at least six consecutive months of contributions service just before their death.
- Alternatively, the deceased should have completed 12 non-consecutive months of contributions service, with at least 3 consecutive months just before their death.
This quiz covers the age requirements for entitlement to insurance benefits, specifically for males and females. Find out what you need to know to meet the eligibility criteria.
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