Q780
In Unit Linked policies, the risk cover is a multiple of _________
A.
Fund Value
B.
Accumulations
C.
Net Asset Value
D.
Premiums
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
In Unit Linked policies, the risk cover is a multiple of Premiums. A unit linked insurance plan (ULIP) is an investment product that provides for insurance payout benefits. ULIP offerings are primarily concentrated in India. The investment vehicle requires a premium payment which is invested in investment products for capital appreciation.