Which Insurance policy gives holder the benefits of both Insurance and Investment?
Which Insurance policy gives holder the benefits of both Insurance and Investment?
[A]Term Insurance Policies
[B]Money-back Policies
[C]Unit-linked Investment Policies
[D]Pension Policies
Unit-linked Investment Policies
A Unit-linked Investment Policies (ULIP) is a product offered by insurance companies gives investors the benefits of both insurance and investment under a single integrated plan, unlike a pure insurance policy which only provides financial cover without the added advantage of an investment.