Question

What is the mortality charge associated with ULIPs?

a.

It is waived off for the first year

b.

It is the premium allocation charge

c.

It is levied for the insurance cover in ULIPs

d.

It is a one-time payment

Answer: (c).It is levied for the insurance cover in ULIPs Explanation:The mortality charge in ULIPs is levied to cover the insurance component, indicating that the insurance isn't entirely free.

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Q. What is the mortality charge associated with ULIPs?

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