Question

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

a.

Assumptions made by the life insurance company

b.

A formula outlined in advance, often based on market assets

c.

The policyholder's choice of funds

d.

Government bonds and fixed deposits

Answer: (b).A formula outlined in advance, often based on market assets Explanation:The value of units in Unit Linked Insurance is typically determined by a formula, such as Net Asset Value (NAV), based on the market value of the fund's assets.

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

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