Which of the following is not a traditional type of product offered by insurance companies?
A. Whole life plan
B. Endowment plan
C. Moneyback plan
D. ULIP
Answer: Option D
Solution(By Examveda Team)
ULIP is a life insurance product which provides risk cover for the policy holder along with investment options to invest in any number of qualified investments such as stocks, bonds or mutual funds.Related Questions on Insurance
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