Q111
Which of the following is not a traditional type of product offered by insurance companies?
A.
Whole life plan
B.
Endowment plan
C.
Moneyback plan
D.
ULIP
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
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.