NISM 10B Investment Adviser Level 2 Notes
Page 8 Of 180
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ULIPs: Unit-linked insurance plans combine insurance with market-linked investments.
Surrender Value: Amount payable if a policy is terminated before maturity.
Paid-Up Policy: Reduced coverage if premiums stop after a minimum period.
Insurance Penetration: Measures insurance coverage in a population.
Insurance Density: Premium per capita in a country.
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