Licentiate Examination - IC 14 - Regulation of Insurance Business Exam - Important Points
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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.
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
An investor can purchase a ULIP policy with a single premium or regular premiums.
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