Value of the units is determined by a formula fixed in advance
Investment risk is borne by the insurer
ULIP’s are opaque with regards to their term, expenses and savings components
ULIP’s are bundled products
✅ The correct answer is C.
ULIP’s are transparent with regards to their term, expenses and savings components. The value of each unit of a fund is determined by dividing the total value of the fund’s investments by the total number of units.
ULIP’s are transparent with regards to their term, expenses and savings components. The value of each unit of a fund is determined by dividing the total value of the fund’s investments by the total number of units.