A unit holder can choose between different kinds of funds
Life insurer provides guarantee for unit values
Units may be purchased by payment of a single premium or by regular premium payments
ULIP policy structure is transparent with regards to the insurance expenses component
✅ The correct answer is B.
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.
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.