Question

What defines Unit-linked Endowment Plans?

a.

They have a fixed sum assured at the start of the policy.

b.

Premiums are invested in units of an insurance fund.

c.

They offer a terminal bonus at the end of the policy term.

d.

Unit prices are not published regularly.

Posted under IC 89 Management Accounting

Answer: (b).Premiums are invested in units of an insurance fund. Explanation:Unit-linked endowment plans are investments where the premium is invested in units of an insurance fund.

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Q. What defines Unit-linked Endowment Plans?
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