Question

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

a.

Spread throughout the policy term in ULIPs

b.

Deducted from the initial premiums in ULIPs

c.

Covered by the insurance company in ULIPs

d.

Not applicable to ULIPs

Answer: (b).Deducted from the initial premiums in ULIPs Explanation:Initial costs are deducted from the initial premiums in ULIPs, reducing the amount allocated for investment.

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

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