State the correct options

A. ULIPS are bundled products

B. ULIPS have clear aspects of term, expenses and savings components

C. In ULIP Plans the investment risk is borne by the Insurer

D. Value of units is determined in advance as per a formula of the Insurer

Answer: Option B

Solution(By Examveda Team)

ULIPS have clear aspects of term, expenses and savings components. Unit Linked Insurance Plan is a financial product that offers you life insurance as well as an investment like a mutual fund.