Money Market fund invests money mainly in instruments such as Treasury Bills, Certificates of Deposit, Commercial Paper etc.
In ULIP the value of the units is given by the net asset value (NAV), which reflects the market value of assets in which the fund is invested.
Insurance cover in ULIP is a multiple of the premiums paid.
Universal Life Insurance - Universal life insurance is a form of permanent life insurance characterised by its flexible premiums, flexible face amount and death benefit amounts, and the unbundling of its pricing factors
Key man Insurance - It can be described as an insurance policy taken out by a business to compensate that business for financial losses that would arise from the death or extended incapacity of an important member of the business
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