Insurance Awareness - Life Insurance - LIC
Which of the following best describes the investment component of a ULIP?
Which of the following best describes the investment component of a ULIP?
easy Q12 of 15
Step-by-Step Solution
Step 1: Understand ULIP investment
ULIPs invest the premium in various market-linked funds such as equity, debt, or balanced funds.Final Answer:
Invested in market-linked funds like equity and debt → Option AQuick Check:
ULIPs are hybrid products combining insurance with market-linked investments, unlike fixed deposits or government bonds alone.
Quick Trick: ULIPs = Life cover + Market-linked investment.
Common Mistakes:
MISTAKES- Assuming ULIPs invest only in fixed or government securities.
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