Question

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

a.

Policyholder's preferences

b.

Number of units in the investment fund

c.

Market value of units at the claim payment date

d.

Life insurance company's assumptions

Posted under L04 Life insurance products Non Traditional IC38 Life Insurance Agent Exam

Answer: (c).Market value of units at the claim payment date Explanation:Benefits under Unit Linked Insurance policies are determined by the market value of units credited to the policyholder's account at the claim payment date.

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