In case of ULIPs, which of the following statements is correct?

In case of ULIPs, which of the following statements is correct? Correct Answer Premium less charges are invested

In a Ulip, the entire amount paid as premium is not used to purchase units. The insurers deduct certain charges and fees before allotting units. The remaining premium amount is invested in various asset classes such as debt, equity or both (called fund options) depending on policyholder's choice.
Bissoy MCQ

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