Q423
All of the following is true regarding ULIP’s EXCEPT:
A.
Unit holder can choose between different kind of funds
B.
Life insurer provides guarantee for unit values
AnswerC.
Units may be purchased by payment of a single premium or via regular premium payments
D.
ULIP policy structure is transparent with regards to the insurance expenses component
Answer: Option B
Solution
Answer: Option B
Solution:
All of the following is true regarding ULIP’s except life insurer provides guarantee for unit values.