Q233
As per IRDA, all universal life products are known as
A.
ULIPs
B.
Variable insurance products
AnswerC.
Both A & B
D.
None of the three
Answer: Option B
Solution
Answer: Option B
Solution:
Variable life insurance is a permanent life insurance policy with an investment component. The policy has a cash value account which is invested in a number of sub-accounts available in the policy.