Licentiate Exam - IC 02 Practice of Life Insurance Exam - Important Points
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Balanced fund
invests in a mix of equity and debt instruments.
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.
The difference in NAV at the time of entry(offer price) and exit (bid price) is known as bid-offer spread
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