Which of the below is not a component of ULIP premiums...

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Which of the below is not a component of ULIP premiums?

A. Policy allocation charge

B. Investment risk premium

C. Mortality charge

D. Social security charge

Answer: Option D

Solution (By Examveda Team)

Social security charge is not a component of ULIP premiums. Social security contributions are compulsory payments paid to general government that confer entitlement to receive a (contingent) future social benefit.

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