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    Question

    ┬аIn 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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