n NISM Certifications
X NISM Series X
Medium

The lock-in period for a Unit-linked Insurance Policy (ULIP) is five years to reflect its long-term protection and investment purpose.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    3 years

  2. 5 years

    Correct answer

  3. C

    7 years

  4. D

    9 years

Why this is the answer

ULIPs have a standard lock-in period of five years to endorse long-term savings and protection objectives.

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