📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    _______________is also known as insurance-cum-investment

    policy.
    A Term Insurance Correct Answer Incorrect Answer
    B Health Insurance Correct Answer Incorrect Answer
    C Unit-Linked Insurance Correct Answer Incorrect Answer
    D Endowment Life Insurance Policy Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    This policy is also known as insurance-cum-investment category. Here, the policy holder gets the benefit of both insurance and investment. ULIP is more likely similar to mutual funds, since a part of the policy premium amount is towards insurance and the rest is invested in equity and debt instruments. Since, investments are made from a part of the policy amount, there are many benefits that are provided to the policy holder.

    Practice Next

    Relevant for Exams:

    ask-question