All of the following is true regarding ULIP’s EXCEPT:

A. Unit holder can choose between different kind of funds

B. Life insurer provides guarantee for unit values

C. Units may be purchased by payment of a single premium or via regular premium payments

D. ULIP policy structure is transparent with regards to the insurance expenses component

Answer: Option B

Solution(By Examveda Team)

All of the following is true regarding ULIP’s except life insurer provides guarantee for unit values.