ABSLI

4. Payouts from ___ policies (excluding ULIPs) issued after April 1, 2023, will be taxable if the total annual premium exceeds Rs. 5 lakhs per pan card.
5. Under Super Term Plan, the Policyholder can choose to convert a ___ pay policy to a limited pay policy provided the policy is in-force.
9. In Super Term Plan, there is an option to defer premiums by upto 12 months with ___ benefit while maintaining the full risk cover under the base plan.
10. Under the Super Term Plan, customer attaining age between 60 to 70 can exit the policy with an ___ value wherein total premiums paid will be returned.
11. ___ policy issued on or after February 1, 2021, with an annual premium exceeding ₹2.5 lakh, will not be eligible for tax exemption under section 10(10) D.
12. A 12% ___ is offered on the first-year premium for existing ABSLI customers in the Akshaya Par Plan.
14. What are optional add on features that enhance the life insurance policy?
17. The ___ process is a critical step where insurance companies assess the risk associated with insuring an individual's life.
19. In Akshaya Par Plan, if the customer does not wants to take cash bonus payout he can opt to ___ the cash bonus in his policy.

1. A ___ insurance plan means that the policyholder does not share in the insurer's profits and the returns are guaranteed. (Hint - Nishchit Aayush Plan)
2. In Nishchit Aayush Plan if client does not want to take the cash payout any time soon, he can opt for ___ of 0-5 years.
3. A life insurance policy in which the policyholder participates in the profits/surplus of the company. (Hint - Akshaya Par Plan)
6. Under the Super Term Plan, there is upto 25% + 2% discount for ___ lives.
7. Under Nishchit Aayush Plan, the ___ income with lumpsum benefit income payout increases at a simple interest rate of 5% every 5 years.
8. Customer can avail upto Rs 46000 worth complimentary services in the areas of prevention, diagnosis, treatment or recovery under ___ management services.
13. ___ Life Stage Protection is an optional benefit which allows Policyholder to increase the Sum Assured on occurrence of events like marriage or birth of children or on availing home loan.
15. In Akshaya Par Plan V04 the ___ exposure has been increased from 25% upto 50%.
16. Under the Super Term Plan, if the customer suffers a total and permanent disability due to an accident during the policy term, they are eligible for a ___ of premium benefit.
18. The ___ Life Income is a Variant which provides cash bonus payout upto 100 years of age in Akshaya Par Plan.