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.Related Questions on Insurance
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