Mr. Nimesh bought a 20-Years' Unit-Linked Insurance Plan (U.L.I.P.). In the Event: Mr. Nimesh dies, Within the Policy-Term, Which of the Following, will be paid?

Question

Quizplus · Accepted Answer

In the event of the policyholder's death within the policy term of a Unit-Linked Insurance Plan (ULIP), the nominee is typically paid the higher of the sum assured or the fund value. This ensures that the beneficiary receives the maximum possible benefit, either from the insurance coverage or the investment component of the ULIP.

Mr Nimesh Bought a 20-Years' Unit-Linked Insurance Plan (U