ULIP

In ULIP premium is paid divided into:

• Only life insurance coverage

• Only investment in equity funds

• Both insurance and investment

• Fixed deposits and bond

What is lock -in period for ULIPS?

• 1 yr

• 4Yr

• 5 yr

• 3 yr

Can you switch between funds in ULIP?

• No, the investment is locked

• Yes, any time between Policy term

• Yes, only after 5 Yrs

• only after 3 yrs

which of the following is a key benefit of ULIP?

• Guaranteed returns

• No market risk

• Dual benefit of insurance and investment

• immediate liquidity

ULIPS are regulated by:

• RBI

• SEBI

• IRDAI

• Ministry of finance

ULIP investment is eligible for tax benefit under which section of the income tax act?

• Section 80C

• Section 10(10)D

• Both A & B

• None of the above

What happen if you discontinue a ULIP before the Lock-In period ends?

• You get the full amount immediately

• You lose all the money

• The fund value transfer to a discontinued fund and paid after lock in period

• The insurance cover remains active, but no returns are given

What are the ULIP charges that an investor should be aware of?

• FMC

• Policy admin charges

• Premium allocation charges

• All of the above