What does unbundling of life insurance products refers to?

A. Correlation of life insurance products with bonds

B. Correlation of life insurance products with equities

C. Amalgamation of protection and savings element

D. Separation of the protection and savings element

Answer: Option D

Solution(By Examveda Team)

Unbundling of life insurance products refers to separation of the protection and savings element. A unbundled life insurance policy contains a savings and investment component that the policyholder can use during his or her lifetime or pass on to beneficiaries.