Question

How is the premium allocated in ULIPs?

a.

Premium is not allocated in ULIPs.

b.

Premium is allocated only to equity funds.

c.

Premium is allocated to debt funds.

d.

Premium is allocated to any of the funds, including Equity, Income, or Balanced Funds.

Posted under IC 89 Management Accounting

Answer: (d).Premium is allocated to any of the funds, including Equity, Income, or Balanced Funds. Explanation:ULIP premium is allocated to any of the funds, including Equity, Income, or Balanced Funds, depending on the choices of customers.

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Q. How is the premium allocated in ULIPs?
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