All of the Following Statements are False, with Respect to Unit-Linked Insurance Plans (U.L.I.P.s) , Except:
A) Policy-Holder's Benefits or Returns depend on the Assumptions and Discretion of the Life Assurance Company.
B) Investment-Risk is borne by the Insurer.
C) Unit-Linked Insurance Plans (U.L.I.P.s) are Transperant with Regard to their Term- Component, Expenses- Component, and Savings- Component.
D) Unit-Linked Insurance Plans (U.L.I.P.s) are Bundled Products.
Correct Answer:
Verified
Q2: Suggest a Non-Traditional Life Assurance Product.
A)Term Assurance
B)Variable
Q3: Non-Traditional Life Assurance Products satisfy a Certain
Q4: Which One of the Following, is Not
Q5: Choose the Correct Statement.
A)In Variable Life Assurance,
Q6: Name the Two Areas, Related to Non-Traditional
Q7: Where was, Universal Life Assurance, introduced First?
A)United
Q8: Expand the Term: U.L.I.P.
A)Unit-Less Insurance Policy
B)Unit-Linked Investment
Q9: What Does, Un-Bundling of Life Assurance Products,
Q10: A Policy is effected under Married Women's
Q11: Which Section of Married Women's Property (M.W.P.)
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