Question

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

a.

The policyholder's preferences

b.

The insurance company's assumptions

c.

The value of units credited to the policyholder's account

d.

The performance of investment funds

Answer: (c).The value of units credited to the policyholder's account Explanation:Benefits under ULIP policies are determined by the value of units credited to the policyholder's account.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

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

Recommended Subjects

Are you eager to expand your knowledge beyond IC38 Life Insurance Agent Exam? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!