Which of the below statement is true regarding ULIP’s?

Which of the below statement is true regarding ULIP’s? Correct Answer ULIP’s are opaque with regards to their term, expenses and savings components

ULIP's are transparent with regards to their term, expenses and savings components. The value of each unit of a fund is determined by dividing the total value of the fund's investments by the total number of units.
Bissoy MCQ

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