Q. Why were Universal Life and Variable Life policies discontinued in India?What makes Universal Life and Variable Life insurance policies non-traditional?

View solution

Q. Why were Universal Life and Variable Life policies discontinued in India?

View solution

Q. What are Unit Linked Plans (ULIPs)?

View solution

Q. How are the premiums paid by policyholders in Unit Linked Insurance divided?

View solution

Q. What determines the benefits under Unit Linked Insurance contracts?

View solution

Q. How do Unit Linked contracts differ from traditional savings policies?

View solution

Q. How have Unit Linked policies been positioned in many markets?

View solution

Q. How is the value of units typically defined in Unit Linked Insurance?

View solution

Q. What does the Net Asset Value (NAV) formula represent in Unit Linked Insurance?

View solution

Q. How do Unit Linked policies differ from traditional insurance policies in terms of policyholder benefits?

View solution

Q. In Unit Linked Insurance, what can policyholders choose between?

View solution

Q. Which fund primarily invests in equity and equity-related instruments?

View solution

Q. How is the value of units in Unit Linked Insurance typically defined?

View solution

Q. What does the Net Asset Value (NAV) in Unit Linked Insurance reflect?

View solution

Q. Why do policyholder benefits in Unit Linked Insurance not depend on the assumptions of the life insurance company?

View solution

Q. What do Unit Linked policies allow policyholders to choose between?

View solution

Q. Which type of fund primarily invests in equity and equity-related instruments?

View solution

Q. What is the primary determinant of benefits under Unit Linked Insurance policies?

View solution

Q. What is the significance of unit creation in Unit Linked Insurance?

View solution

Q. How does Unit Linked Insurance ensure a transparent structure?

View solution