Unit Linked Insurance Plan - ULIP Premium - PAC, Mortality, Investment. PAC - Policy or Premium Allocation Charge - which is comprised of agents commission, policy setup costs, administrative costs
Investment fund options offered by ULIPs - Equity Fund, Debt Fund, Balanced Fund, Money Market Fund
Equity fund invests major portion of the money in equity and equity related instruments. High Risk Category
Debt fund invests major portion of the money in Government Bonds, Corporate Bonds, Fixed Deposits etc.
Balanced fund invests in a mix of equity and debt instruments.
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