Question

What represents the policyholder's investment in a Unit Linked Insurance Plan (ULIP)?

a.

Policy term

b.

Net Asset Value (NAV)

c.

Surrender value

d.

Premium payment frequency

Answer: (b).Net Asset Value (NAV) Explanation:The policyholder's investment in a ULIP is denoted in the form of units and represented by the Net Asset Value (NAV).

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Q. What represents the policyholder's investment in a Unit Linked Insurance Plan (ULIP)?

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