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This question belongs to Commerce Insurance

Insurance

?

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 & Solution

Correct Answer: Option B

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

Question posted by Examveda

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