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.Related Questions on Insurance
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