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

Q. What is the key difference in the pricing of initial costs between traditional policies and Unit Linked Insurance?

View solution

Q. What is the key difference in the pricing of initial costs between traditional policies and Unit Linked Insurance?How is the death benefit calculated in Unit Linked Insurance?

View solution

Q. Who bears the investment risk in Unit Linked Insurance?

View solution

Q. What is the primary factor that determines the benefits under ULIP policies?

View solution

Q. What is the key advantage of the transparent structure of ULIPs?

View solution

Q. How are initial costs managed in ULIPs compared to traditional policies?

View solution

Q. How is the death benefit calculated in ULIP policies?

View solution

Q. Who bears the investment risk in ULIPs?

View solution

Q. What was a critical concern with traditional life insurance policies?

View solution

Q. Which of the following trends contributed to the rise of non-traditional life insurance products?

View solution

Q. What characterizes Universal Life Insurance?

View solution

Q. In which markets did ULIPs become one of the most popular and significant products?

View solution