All of the Following Statements are False, with Respect to Unit-Linked Insurance Plans (U.L.I.P.s), Except:

Related MCQs

• Mr. Manish asks His Insurance-Advisor, the Primary Purpose of Insurance. Help Mr. Manish, Identify the Primary Purpose of Insurance, from the Following Options.
• Mr. Brijesh purchased a 20-Years' Unit-Linked Insurance-Plan (U.L.I.P.), from ABC Insurance Company. If Mr. Brijesh Dies, Before the Maturity of the Policy, then Insurance Company will have to pay --.
• Mr. Vimal is a 32-Years' Old, Healthy, Non-Smoker, Teetotaller Individual; Who applies for Life Assurance from ABC Limited Insurance Company. Which One of the Following Statements, will Hold True, with Regard to Risk-Acceptance by the Insurance Company?
• If, Mr. Brijesh, a 40-Years' Old Individual, is perceived as a 'Sub-Standard Risk', by the Insurance Company, then, Which One of the Following Statements, will Hold True, with Regard to Risk-Acceptance by the Insurance Company?
• Who bears the Mortality-Risk, in Case of Unit-Linked Insurance-Plans (U.L.I.P.s)?
• All of the Following, are the Advantages of Cash-Value Insurance-Contracts, Except --.
• All of the Following, are the Dis-Advantages of Cash- Value Insurance-Contracts, Except --.
• All of the Following, are the Components of Unit- Linked Insurance-Plan (U.L.I.P.) Premiums, Except --.
• All of the Following Statements, are True, with Regard to Nomination, Except --.
• Which One of the Following, is the Basic Insurance Legislation of the Country, that governs Insurance Business in India?