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This question belongs to Commerce Insurance

Insurance

?

Which of the below statement is true regarding ULIP’s?

A) Value of the units is determined by a formula fixed in advance B) Investment risk is borne by the insurer C) ULIP’s are opaque with regards to their term, expenses and savings components D) ULIP’s are bundled products

Answer & Solution

Correct Answer: Option C

ULIP's are transparent with regards to their term, expenses and savings components. The value of each unit of a fund is determined by dividing the total value of the fund's investments by the total number of units.

Question posted by Examveda

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