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      Question

       In ULIP, what does L stand for?

      A Linked Correct Answer Incorrect Answer
      B Late Correct Answer Incorrect Answer
      C Linking Correct Answer Incorrect Answer
      D Last Correct Answer Incorrect Answer
      E Leased Correct Answer Incorrect Answer

      Solution

      Full form of ULIP is Unit linked Insurance Plan. They are a combination of insurance + investment. A small portion of the money invested goes to securing your life whereas the rest of the money is invested in the market. Policyholders can pay premiums monthly/annually.

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