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India was the first one to launch it in the year 1971 by Unit Trust of India. ULIPs are a type of ‘Protection + Savings’ plans. It is a combination of insurance (life insurance) and investment. Here wealth creation is the goal along with life cover where the insurance company puts a portion of investment towards life insurance and rest into a fund of the insured’s/policyholders’ choice (that is based on equity or debt or both just like in a mutual fund) and matches with individual long-term goals.
The mortgagor ostensibly sells the mortgaged property in-
A financial creditor either by itself or jointly with other financial creditors, or any other person on behalf of the financial creditor, as may be noti...
Opinion on relationship:
What action can the Board take if it finds that a person has violated or is likely to violate any provisions of the SEBI Act, or any rules or regulation...
General Insurance business covers which type/s of business/es?
No person under the age of 18 years shall drive a motor vehicle in________.
What are the classes of Criminal Courts besides the High Courts and the Courts constituted under any law, other than the Bhartiya Nagarik Suraksha Sanhi...
For what term of imprisonment an offender under section 138 of the negotiable instrument Act can be punished?
Which of the following is not a main principle of developing scientific advice at Codex?
In which of the following cases Supreme Court has asked the Centre to create a Bail Act?