Question discussion

Which of the following is NOT true regarding ULIP?

287672Medium 1 reply 517 views

-1

AA unit holder can choose between different kinds of funds
BLife insurer provides guarantee for unit values
CUnits may be purchased by payment of a single premium or by regular premium payments
DULIP policy structure is transparent with regards to the insurance expenses component

Correct answer: B

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CCommunity04 Jun 2021

Life insurer provides guarantee for unit values

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.