Question

What does ULIP stand for?

a.

Universal Life Insurance Policy

b.

Unit Linked Insurance Plan

c.

Unified Life Investment Portfolio

d.

Unilateral Life Insurance Premium

Posted under IC 89 Management Accounting

Answer: (b).Unit Linked Insurance Plan Explanation:ULIP is a genetic term used to describe insurance plans, where the choice for financial asset lies with the investors, and it stands for Unit Linked Insurance Plan.

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