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Options
- A
The decision to include mortality cover rests with the insurer
-
All ULIPs must have mortality cover except annuity products
Correct answer
- C
ULIPs are not required to have mortality cover
- D
ULIPs should always have mortality cover
Why this is the answer
Regulation mandates mortality cover in ULIPs, except for pension or annuity products, which do not require it.
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