Question

How is the structure of ULIP similar to that of a mutual fund?

a.

ULIPs have a fixed premium structure.

b.

ULIPs invest only in equity funds.

c.

ULIPs have a structure similar to that of a mutual fund.

d.

ULIPs do not have any investment options.

Posted under IC 89 Management Accounting

Answer: (c).ULIPs have a structure similar to that of a mutual fund. Explanation:The structure of ULIP is similar to that of a mutual fund.

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Q. How is the structure of ULIP similar to that of a mutual fund?
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