Licentiate Examination - IC 01 - Principles of Insurance Exam - Important Points
Page 38 Of 45
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Unit Linked Insurance Plan (ULIP) - A ULIP is an insurance plan which is a combination of insurance protection and investment.
Choice of funds in ULIP - Equity fund, Debt fund, Balanced fund, Money market fund
Equity fund - Invests major portion of money in equity and equity related instruments
Debt fund - Invests major portion of money in fixed income securities
Balanced fund - Invests major portion of money in mix of equity and debt
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IC01 PRINCIPLES OF INSURANCE
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