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SILC

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  • The target market is the Retail Mass market, earning between R16k and R26k per month
    False
  •  15
  • Only SA citizens and clients from the SADAC countres can take out this plan.
    False
  •  15
  • There is a 6 months waiting period for natural causes.
    False
  •  10
  • Only SA citizens and/or permanent residents with a valid SA ID may qualify for the product
    True
  •  15
  • The principal life assured, policyholder and premium payer must all be the same person and must be a natural person.
    False
  •  15
  • The client has 2 months from lapse date to reinstate.
    False
  •  15
  • The waiting period for natural death is 6 months.
    False
  •  15
  • This cover pays R1 000 on the birth of a stillborn child.
    False
  •  15
  • The client can select cover from R100 000 to R2 000 000 for Death or Permanent Disability.
    True
  •  15
  • There are however, 15 medical questions that must be answered.
    False
  •  15
  • The client is required to undergo medical testing.
    False
  •  15
  • The Permanent Disability Benefit will accelerate the Death Benefit.
    True
  •  15
  • The Permanent Disability Benefit pays a lump sum in the event that the client becomes permanently physically impaired.
    True
  •  15