n NISM Certifications
XXI NISM Series XXI-A
Medium

Which of the following is a key feature of 'Unit Linked Insurance Plans' (ULIPs)?

Practice question from NISM XXI A for PMS - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    They provide only life cover without investment component

  2. They combine life insurance with investment in equities or bonds

    Correct answer

  3. C

    They guarantee fixed returns irrespective of market performance

  4. D

    They are only available for senior citizens

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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