Question

What option is available to the policyholder in a ULIP to safeguard the value of their funds in difficult times?

a.

Partial withdrawal

b.

Decreasing the sum assured

c.

Switching between funds

d.

Opting for a single premium policy

Posted under IC 14 Regulations of Insurance Business

Answer: (c).Switching between funds Explanation:In a ULIP, the policyholder has the option to switch from one fund to another, which helps safeguard the value of their funds in difficult times.

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Q. What option is available to the policyholder in a ULIP to safeguard the value of their funds in difficult times?
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