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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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