In Unit Linked policies, the risk cover is a multiple of _________

A. Fund Value

B. Accumulations

C. Net Asset Value

D. Premiums

Answer: Option D

Solution(By Examveda Team)

In Unit Linked policies, the risk cover is a multiple of Premiums. A unit linked insurance plan (ULIP) is an investment product that provides for insurance payout benefits. ULIP offerings are primarily concentrated in India. The investment vehicle requires a premium payment which is invested in investment products for capital appreciation.