Question

How is the death benefit calculated in ULIP policies?

a.

Fixed and predetermined

b.

A percentage of the premium paid

c.

A multiple of the premiums paid

d.

A lump sum regardless of premiums paid

Answer: (c).A multiple of the premiums paid Explanation:In ULIP policies, the death benefit is a multiple of the premiums paid, unlike traditional policies where it is often a fixed sum.

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

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