A) Unit linked Insurance
B) Whole Life Insurance
C) Double Endowment
D) Money Back Policy
E) Traditional Insurance
Correct Answer: A
Solution :
Unit linked plans, also known as ULIP's were introduced in UK, in a situation of substantial investments that life insurance companies made in ordinary equity shares and the large capital gains and profits they made as a result. A need was felt for having both greater investment in equities and also passing the benefits to policyholders in a more efficient and equitable manner. In the United Kingdom and other markets these policies were developed and positioned as investment vehicles with an attached insurance component.
You need to login to perform this action.
You will be redirected in
3 sec
