Star Eagles' Trivia Workshop
Star Eagles' Growth Saver Trivia
Test your knowledge of the Growth Saver policy with our engaging trivia quiz! This quiz is designed to help you understand the key benefits, features, and mechanics of the Growth Saver policy, which combines protection and savings for your future.
Whether you are a client, insurance advisor, or simply interested in learning more, this quiz covers essential aspects such as:
- Policy benefits
- Premium options
- Riders and additional coverage
- Client eligibility
At what age can a person buy the Growth Saver?
30 years – 60 years
30 months – 60 years
30 months – 60 years
30 days – 60 years
Your client believes that his EPF is enough for his retirement and so he does not need the Growth Saver policy. What benefit will he get if he has both EPF and Growth Saver?
He will need more financial assistance to cover up his medical expenses
Even during inflation, he has enough to sustain his lifestyle after retirement
He can still travel to different places without paying anything
He can transfer his Growth Saver policy to his children for their future
What is the policy alteration is allowed in Growth Saver?
Monthly direct payment during the first 24 months
Reduced Premium Term during the first 24 months
Flexible entry age for the first 24 years
Reduced Sum Assured during first 24 months
The Growth Saver policy prepares the “Old You” to provide for your food, shelter, clothing, medication and other needs.
True
False
There are several riders under the Growth Saver policy. What rider is described in the below statement?
New Hospital Benefit (NHB)
Child Accidental Rider (CAR)
Premium Waiver Rider (PWR)
Payer Benefit Rider
The Premium Paying Term is determined by the Policy Term chosen by your client. If the Policy Term is 20 years, what are the Premium Paying Terms he can get?
10/20/30 years
10/20 years
6/10/20 years
6/10 years
The Accidental Death Benefit is payable during the premium paying term only prior to age 70 years old.
True
False
The Growth Saver combines protection and savings for your clients benefits.
True
False
Policyholders can use their credit cards to pay for their Growth Saver policy.
True
False
At the age of 30 years old, Mr. Hashim purchases the Growth Saver policy and completed paying the premium term. Due to an accidental death he passes away and his next-of-kin was able to get a lump sum payment of outstanding Guaranteed Cash Payment. How will this help Mr. Hashim’s family?
The next-of-kin is rewarded with the same policy with a shorter premium term.
The yearly cash flow can be used to purchase insurance or investment plans or needed purchases.
There will be no readily available cash to pay for medical bills and living expenses of the family.
The family has more funds to maintain their standard of living.
Mr. Tan’s annual premium in his Growth Saver policy is RM 3,800. If his policy’s monthly premium mode factor monthly is 0.090, how much is his monthly premium?
RM 324.00 per month
RM 342.00 per month
RM 380.00 per month
RM 3,420.00 per month
Your client will enjoy a maturity value at the age of 80 years under the Growth Saver policy. How many percent of the Basic Sum Assured is Guaranteed to the client at maturity?
100% Basic Sum Assured
120% Basic Sum Assured
150% Basic Sum Assured
200% Basic Sum Assured
If you are a policyholder of Growth Saver, what are the possible dividends payout options you have?
Option 1 – Payout; Option 2 – Distribution
Option 1 – Accumulation; Option 2 – Surrender
Option 1 – Payout; Option 2 - Accumulation
Option 1 – Payout; Option 2 – Surrender
The Total and Permanent Disability (TPD) Benefit is given in two instalments. When is the first instalment given to the policyholder?
6 months from date of diagnosis
8 months from date of diagnosis
12 months from date of diagnosis
18 months from date of diagnosis
Medium and higher income earners are the targets of the Growth Saver policy.
True
False
The formula for Monthly Insurance Charge is: Monthly Insurance Charge = Basic Sum Assured per RM1,000 x Monthly Insurance Charge per 1000 Sum Assured
True
False
What does APL stand for?
Application Policy Loan
Automatic Policy Loan
Automatic Premium Loan
Accountable Premium Loan
The minimum Investment Top-Up Premium (ITUP) for PrimeLink is RM1000.
True
False
Which of the following is not an option for the premium paying term of PrimeLink?
20 years
10 years
5 years
1 year
How much is the Fund Management Charge (per annum) of the Titan Fund?
1.00%
1.20%
1.25%
1.40%
Who can make a written request for the termination of the policy?
Any person related to the Policyholder
Lawyer
Policyholder
Agent
How much is the Maturity Benefit of PrimeLink?
50% of the Account Value
100% of the Account Value
150% of the Account Value
200% of the Account Value
Form J is the Income Tax Return form.
True
False
What is the percentage of Basic Sum Assured on the death of the Life Assured at age six years and above?
100%
80%
60%
20%
Critical Illness Benefit is covered up to Age 100 years.
True
False
SuperSeries is suitable for those who are interested in receiving yearly cash flow after retirement.
True
False
If the Life Assured is diagnosed for an Angioplasty, the liability of the company is limited to
The total sum covered under the policy
10% of in-force sum assured or subject to a maximum of RM25,000
The total sum covered under the critical illness
The total sum covered multiply by 10% and subject to maximum of RM25,000 payable at age 100
Which of the following is not covered in Specific Accidental Causes?
In an electric lift
While travelling using grab
In a burning hotel rated as four star and above
In a theatre or cinema
One of the target clients of the Premium Protector plan are those belonging to High Income Class.
True
False
What is used to measure your clients' assets or wealth versus their insurance needs?
Statement of Assets
Medical underwriting
Financial underwriting
Statement of Liabilities
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