State which of the following statements is correct

A. In ULIPs, the offer bid spread is the difference between the two prices

B. In ULIPs, the offer bid spread, will in some cases be zero

C. Both the above statements are correct

D. Both the above statements are wrong

Answer: Option C

Solution(By Examveda Team)

Both the statements are correct.
In ULIPs, the offer bid spread is the difference between the two prices. In ULIPs, the offer bid spread, will in some cases be zero.