Podcast
Questions and Answers
What is the minimum age required for entitlement?
What is the minimum age required for entitlement?
- 55 years
- 40 years
- 50 years
- 45 years (correct)
What is the minimum service period required for males?
What is the minimum service period required for males?
- 15 years
- 20 years (correct)
- 25 years
- 18 years
What is the maximum age for male employees to be eligible for entitlement?
What is the maximum age for male employees to be eligible for entitlement?
- 60 (correct)
- 55
- 65
- 70
What is the minimum service period required for females?
What is the minimum service period required for females?
What is the minimum age difference between the eligibility ages of male and female employees?
What is the minimum age difference between the eligibility ages of male and female employees?
What is the factor that determines the entitlement of the insured?
What is the factor that determines the entitlement of the insured?
What is the primary eligibility criterion for employees, apart from age?
What is the primary eligibility criterion for employees, apart from age?
Which of the following is not a factor in determining entitlement?
Which of the following is not a factor in determining entitlement?
Is there any mention of contribution rates in the entitlement requirements?
Is there any mention of contribution rates in the entitlement requirements?
Can an employee above 60 (for males) or 55 (for females) still be eligible for entitlement?
Can an employee above 60 (for males) or 55 (for females) still be eligible for entitlement?
What is the minimum consecutive months of contributions service required for entitlement?
What is the minimum consecutive months of contributions service required for entitlement?
What is the alternative to six consecutive months of contributions service?
What is the alternative to six consecutive months of contributions service?
What is the significance of the three consecutive months in the alternative requirement?
What is the significance of the three consecutive months in the alternative requirement?
What is the purpose of the entitlement requirements?
What is the purpose of the entitlement requirements?
Can an individual transfer their contributions to meet the entitlement requirements?
Can an individual transfer their contributions to meet the entitlement requirements?
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.
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Description
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.
