NISM 10B Investment Adviser Level 2 Notes
Page 11 Of 180
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ULIPs: Combine life cover with investment in market-linked funds.
Surrender Value: Cash received on early termination of a policy.
Paid-Up Value: Reduced coverage if premiums cease after a minimum period.
Rider Benefits: Additional covers like critical illness or accidental death.
Nomination: Designates a person to receive policy proceeds.
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