Which of the following is NOT true regarding ULIP

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Which of the following is NOT true regarding ULIP?

A. A unit holder can choose between different kinds of funds

B. Life insurer provides guarantee for unit values

C. Units may be purchased by payment of a single premium or by regular premium payments

D. ULIP policy structure is transparent with regards to the insurance expenses component

Answer: Option B

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.

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