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    Question

    Which of the following is a combination of insurance as

    well as investment ?
    A Money back policy Correct Answer Incorrect Answer
    B Endowment plan Correct Answer Incorrect Answer
    C Unit Link Insurance Plan Correct Answer Incorrect Answer
    D Mutual Funds Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    A Unit Linked Insurance Plan (ULIP) is a product offered by insurance companies that, unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan.

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