n NISM Certifications
X NISM Series X
Medium

One of the advantages of a Unit Linked Insurance Plan (ULIP) is that it leaves the ______ in the hands of the investor.

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Asset Allocation decision

    Correct answer

  2. B

    Premium determination

  3. C

    Dividend pay-out decision

  4. D

    Portfolio selection

Why this is the answer

ULIPs allow policyholders to choose and switch fund mixes based on their risk appetite and investment goals.

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