Name the deductions made from policyholder of a Unit Linked policy.

A. Commission

B. Net Asset Value

C. Fund

D. Charges

Answer: Option D

Solution(By Examveda Team)

In a Unit Linked Plan (ULIP), the premiums you pay are invested in the funds chosen by you after deducting allocation charges and charges including those for managing funds, policy administration and for providing insurance cover are deducted from the funds by cancelling certain units. Charges are deducted.