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

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
#Commerce #Insurance

Related Questions

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
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
Below is given a statement followed by two conclusions numbered I and II. You have to assume everything in the statement to be true, then consider the two conclusions together and decide which of them logically follows beyond a reasonable doubt from the information given in the statement.Statements: In a one-day cricket match, the total runs made by a team were 200. Out of these 160 runs were made by spinners.Conclusions: I. 80% of the team consists of spinners. II. The opening batsmen were spinners.
A Only conclusion I follows.
B Only conclusion II follows.
C Either I or II follows.
D Neither I or II follows.
Below is given a statement followed by two conclusions numbered I and II. You have to assume everything in the statement to be true, then consider the two conclusions together and decide which of them logically follows beyond a reasonable doubt from the information given in the statement. Statements: The old order changed yielding place to new.Conclusions: I. Change is the law of nature II. Discard old ideas because they are old.
A Only conclusion I follows.
B Only conclusion II follows.
C Either I or II follows.
D Neither I or II follows.
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 statement/s is/are true regarding storage temperature of blood components?
A Whole blood: +2 to +6°C
B Fresh frozen plasma: -30°
C Platelets concentrate: +18 to +22°C
D Cryoprecipitate: +30°C
E Immunoglobulin :+22 to 60°C
Following statement(s) is (are) true regarding haemolytic uraemic syndrome (HUS)
A Antibiotics may paradoxically increase shiga toxin release
B Eculizumab blocks complement activities by cleavage of C5
C Plasma exchange significantly improve the outcome
D Microangiopathic hemolytic anaemia is a characteristic feature
E Rickettsial infection associated with diarrhoea associated (D+) HUS
True statement regarding single gene disorder are
A Fragile X-Syndrome is X linked recessive
B Congenital adrenal hyperplasia is autosomal recessive
C Hemophilia is X linked recessive
D Cystic fibrosis is autosomal dominant
E Thalassaemia is autosomal dominant

Next steps