Which of the following is NOT true regarding ULIP?

A A unit holder can choose between different kinds of funds
B Life insurer provides guarantee for unit values
C Units may be purchased by payment of a single premium or by regular premium payments
D ULIP policy structure is transparent with regards to the insurance expenses component

Correct Answer: Life insurer provides guarantee for unit values

ULIP is a life insurance product which provides risk cover for the policy holder along with investment options to invest in any number of qualified investments such as stocks, bonds or mutual funds.
Bissoy MCQ
#Commerce #Insurance

Related Questions

Which of the below statement is true regarding ULIP’s?
A Value of the units is determined by a formula fixed in advance
B Investment risk is borne by the insurer
C ULIP’s are opaque with regards to their term, expenses and savings components
D ULIP’s are bundled products
Which of the below is not a component of ULIP premiums?
A Policy allocation charge
B Investment risk premium
C Mortality charge
D Social security charge
What are the charges in a ULIP?
A Policy Allocation Charge
B Mortality charge
C Both A & B
D None of the above
Call me if you have any problems regarding your work.' Here 'regarding' is a/an
A gerund
B apposition
C preposition
D conjunction
I know nothing regarding this matter. Here 'regarding' is a _.
A Gerund
B Preposition
C Apposition
D Conjuction
Which of the following is not true regarding Conditional Formatting?
A You can add more than one condition to check
B You can set condition to look for Bold and apply Italics on them
C You can apply Font, border and pattern formats that meets the specified conditions
D You can delete any condition from Conditional Formatting dialog box if it is not requried
Which of the following statements is NOT true regarding corporate strategies?
A They are concerned with the broad and more long-term issues of the organization
B They are concerned with how the organization is going to compete in a specific business or industry
C They are concerned with the direction the organization is headed
D They are concerned with the business(es) that the organization is in and the businesses they want to be in
Which one is NOT true regarding the Market Stabilization Scheme (MSS)?
A It absorbs surplus liquidity of enduring nature arising out of large capital flows
B It absorbs surplus liquidity through sale of short-dated government securities and treasury bills
C Mobilised surplus liquidity is held in the MSS account with the Reserve Bank of India
D MSS account liquidity can be used for normal government expenditure of capital nature
Which of the following statements in true regarding Cookies ?
A It is stored in web-client
B It is stored in server
C Each browsing time cookies become reset
D It is client side program
Answer the question on the basis of the given information. Businesses are suffering because of lack of money available for development loans.To help businesses,the government plans to modify the income- tax structure in order to induce individual tax payers to put a larger portion of their incomes into retirement savings accounts, because as more money is deposited in such accounts, more money becomes available to borrowers. Which of the following, if true, raises the most serious doubt regarding the effectiveness of the government's plan to increase the amount of money available for development loans for businesses?
A When levels of personal retirement saving increase, consumer borrowing always increases correspondingly.
B The increased tax revenue the government would receive as a result of business expansion would not offset the loss in revenue from personal income taxes during the first year of the plan.
C Even With tax incentives,some people will choose not to increase their levels of retirement savings .
D Bankers generally will not continue to lend money to Businesses whose prospective earnings are insufficient to meet their loan repayment schedules.

Next steps